Search Results for: hobe sound market report

Hobe Sound FL 33455 Condo Market Report October 2016

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)

Hobe Sound FL 33455 Condo Market Report October 2016

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

Hobe Sound FL 33455 Condo Market Report October 2016

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

Hobe Sound FL 33455 Condo Market Report October 2016

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.

Hobe Sound FL 33455 Condo Market Report October 2016

Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report October 2016

Hobe Sound FL 33455 Residential Market Report October 2016

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)

Hobe Sound FL 33455 Residential Market Report October 2016

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

Hobe Sound FL 33455 Residential Market Report October 2016

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

Hobe Sound FL 33455 Residential Market Report October 2016

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.

Hobe Sound FL 33455 Residential Market Report October 2016

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Hobe Sound FL 33455 Residential Market Report October 2016

The Arbors in Hobe Sound November 2016 Market Report

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.

The Arbors in Hobe Sound FL

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.

The Arbors in Hobe Sound FL  The Arbors in Hobe Sound FL

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 in Hobe Sound FL The Arbors in Hobe Sound FL

The Arbors is a wonderful place to call home.

Search for all Arbors Homes in Hobe Sound Real Estate

Hobe Sound FL 33455 Condo Market Report September 2016

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)

Hobe Sound FL 33455 Condo Market Report September 2016

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

Hobe Sound FL 33455 Condo Market Report September 2016

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

Hobe Sound FL 33455 Condo Market Report September 2016

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 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.

Hobe Sound FL 33455 Condo Market Report September 2016

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report September 2016

Hobe Sound FL 33455 Residential Market Report September 2016

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)

Hobe Sound FL 33455 Residential Market Report September 2016

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

Hobe Sound FL 33455 Residential Market Report September 2016

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

Hobe Sound FL 33455 Residential Market Report September 2016

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.

Hobe Sound FL 33455 Residential Market Report September 2016

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Hobe Sound FL 33455 Residential Market Report September 2016

Hobe Sound FL 33455 Condo Market Report August 2016

Hobe Sound FL 33455 Condo Market Report August 2016

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

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

There are currently 4 active condo listings. (Up by 1 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2016

5 Condos are pending and awaiting close. (Down by 1 pending condos from July)

Hobe Sound FL 33455 Condo Market Report August 2016

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

Hobe Sound FL 33455 Condo Market Report August 2016

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 August, 2016 the absorption rate is 1.3 month (it was 1 months in July).  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 August 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 August 2015 numbers were: 2 active listings, 4 pending sales and 3 closed sales.  It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

Hobe Sound FL 33455 Condo Market Report August 2016

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report August 2016

Hobe Sound FL 33455 Residential Market Report August 2016

Hobe Sound FL 33455 Residential Market Report August 2016

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

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

There are currently 172 active listings. (Down by 20 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2016

89 Residential sales are pending and awaiting close  (Up by 6 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2016

60 Homes Sold in August (Up by 14 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County outperformed all other Martin County real estate segments with a strong rise in closed sales and also an increase in pending sales with a decline in inventory.  Most of our other areas eased off for August but this wasn’t the case for Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.9 months (4.2 months in July).  Going into an extreme 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 August 2015 were:  149 active listings, 84 pending sales and 34 closed sales.  Considerably stronger activity for this month as compared to August of 2015.

Hobe Sound FL 33455 Residential Market Report August 2016

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Hobe Sound FL 33455 Residential Market Report August 2016

Hobe Sound FL 33455 Condo Market Report July 2016

Hobe Sound FL 33455 Condo Market Report July 2016

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

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

There are currently 3 active condo listings. (Down by 1 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2016

6 Condos are pending and awaiting close. (Unchanged in pending condos from June)

Hobe Sound FL 33455 Condo Market Report July 2016

3 Condos sold in July. (The same number of closed sales from June)

Hobe Sound FL 33455 Condo Market Report July 2016

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 July, 2016 the absorption rate is 1 month (it was 1.3 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 July 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 2015 numbers were: 3 active listings, 6 pending sales and 1 closed sales.  Very similar numbers to last year with better closed sales for 2016..

Hobe Sound FL 33455 Condo Market Report July 2016

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Hobe Sound FL 33455 Condo Market Report July 2016

Hobe Sound FL 33455 Residential Market Report July 2016

Hobe Sound FL 33455 Residential Market Report July 2016

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

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

There are currently 192 active listings. (Down by 1 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2016

83 Residential sales are pending and awaiting close  (Down by 17 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2016

46 Homes Sold in July (Down by 8 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly though signs of reduced activity are showing up as the inventory increases and pending sales decrease.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.2 months (3.6 months in June).  Still a 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 July 2015 were:  163 active listings, 90 pending sales and 55 closed sales.  Better activity last year with less inventory to work with.  A somewhat slower market for Hobe Sound this year compared with last year.

Hobe Sound FL 33455 Residential Market Report July 2016

Search here for Hobe Sound Florida Real Estate for Sale

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Hobe Sound FL 33455 Residential Market Report July 2016

July 2016 Market Report for Osprey Cove in Hobe Sound

July 2016 Market Report for Osprey Cove in Hobe Sound

There are currently 2 homes for sale in Osprey Cove in Hobe Sound, FL.  Listing prices are $639,000 and $729,000 for an average list price of $684,000 or a price per square foot of living area of $217.31.  As of July 21, 2016 these homes have been on the market for an average of 67 days.

There is one home under contract which has not closed to date.  The list price is $529,000 or $236.48 per sq. ft. of living area.  This home was on the market for 134 days before going under contract.

In the past 12 months, 9 homes have sold in Osprey Cove with sales prices ranging from $440,000 to $793,000 for an average sale price of $616,611 or $211.48 per sq. ft. of living area. These sales averaged 67 days on the market and sales prices averaged 95% of list price.

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

For boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Hobe Sound Florida Real Estate

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

July 2016 Market Report for Osprey Cove in Hobe Sound

Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound FL 33455 Condo Market Report June 2016

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

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

There are currently 4 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

6 Condos are pending and awaiting close. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

3 Condos sold in June. (Up by 3 from last month)

Hobe Sound FL 33455 Condo Market Report June 2016

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 June, 2016 the absorption rate is 1.3 months which is what it was back in April (with no sales reported in May, there was no absorption rate for that month).  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 June 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 2015 numbers were: 9 active listings, 2 pending sales and 6 closed sales.  Better closed activity for last year, but this was with over twice as many active condos for sale.  Inventory, or lack of, is playing a major obstacle in the Hobe Sound condo market.

Hobe Sound FL 33455 Condo Market Report June 2016

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound FL 33455 Residential Market Report June 2016

Hobe Sound FL 33455 Residential Market Report June 2016

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

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

There are currently 193 active listings. (Down by 20 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

100 Residential sales are pending and awaiting close  (Up by 10 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

54 Homes Sold in June (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly even as the inventory declined for this month, though still greater than last year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 3.6 months (4.1 months in May).  Continuing in the trend for all of Martin County as a sellers market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2015 were:  150 active listings, 119 pending sales and 61 closed sales.  Interestingly for Hobe Sound the inventory is up from last year while volume of sales and pending sales is still lower.  Though, this is still an active market, just not as super heated as last year.

Hobe Sound FL 33455 Residential Market Report June 2016

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Hobe Sound FL 33455 Residential Market Report June 2016

June 2016 Market Report The Retreat in Hobe Sound

June 2016 Market Report The Retreat in Hobe Sound

For the June 2016 there are currently 6 homes on the market in the Retreat of Hobe Sound, ranging in price from $292,900 to $395,000 for an average price of $345,433 which equals $185.80 per square foot of living area.

There is only one home under contract and awaiting sale.  This home was listed for $269,900 which is equal to $176.87 per sq. ft. of living area.  This home was on the market for 74 days before going under contract.

In the past 12 months, 24 homes have sold in the Retreat.  Sales prices ranged from a low of $255,000 to a high of $490,000 for an average sales price of $325,579 which is $175.51 per sq. ft. of living area. These sales averaged 98% of list price and these homes were on the market for an average of 39 days before going under contract.

the Retreat in Hobe Sound FL

This is a beautiful DiVosta master planned community at the end of Seabranch Ave just west of US-1 in Hobe Sound.  The Retreat contains 555 well built CBS homes ranging from 2 BR to 4 BR homes that continue to impress their owners with their functionality and quality DiVosta construction.

the Retreat in Hobe Sound FL

Located near Schools, Golf Courses, Shopping, Medical facilities, Beaches, and all the amenities either a family or a second home owner looks forward to in Florida living.  Amenities at the Retreat include a heated community pool, clubhouse, fitness room and tennis courts.  Golf course access in right next door at Lost Lake.

the Retreat in Hobe Sound FL

The Retreat was a finalist in the Communities of Excellence contest in the communications division. Association volunteers under the direction of the Communications Committee utilize a bimonthly newsletter, website, bulletin boards, community television channel, town hall meetings, resident directory, email blasts, and open board meetings with published minutes to get information to and from the residents. The newsletter is particularly popular. The website provides information of a business nature, with a resident showcase for display of artwork.

 the Retreat in Hobe Sound FL

Currently some select Retreat Homes are available at very attractive prices.

To view these available Retreat Homes for sale, click here.

the Retreat in Hobe Sound FL

Gabe Sanders

Stuart Florida Real Estate

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

June 2016 Market Report The Retreat in Hobe Sound

 

Hobe Sound FL 33455 Condo Market Report May 2016

Hobe Sound FL 33455 Condo Market Report May 2016

 

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

 

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

 

There are currently 5 active condo listings. (No change in active condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

7 Condos are pending and awaiting close. (Up by 1 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

No Condos sold in May. (Down by 4 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 5 available condos for sale in all of Hobe Sound which is not much for buyers to choose from.  Pending sales are strong, but there were no closed sales in May.

There were no sales in Hobe Sound condos for May, but for April the absorption rate was 1.3 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 May 2015 numbers were: 8 active listings, 4 pending sales and 1 closed sales.  Pending sales are the only statistic that is doing better this year than last.

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report May 2016

 

Hobe Sound FL 33455 Residential Market Report May 2016

Hobe Sound FL 33455 Residential Market Report May 2016

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

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

There are currently 213 active listings. (Down by 4 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

90 Residential sales are pending and awaiting close  (Down by 9 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

52 Homes Sold in May (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April).  The third month in a row of being in a sellers market after two months of 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 May 2015 were:  180 active listings, 113 pending sales and 65 closed sales.  Market activity was better last year even with a reduce inventory, though this is still an active market.

Hobe Sound FL 33455 Residential Market Report May 2016

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Hobe Sound FL 33455 Residential Market Report May 2016

Hobe Sound FL 33455 Condo Market Report April 2016

Hobe Sound FL 33455 Condo Market Report April 2016

 

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

 

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

 

There are currently 5 active condo listings. (No change in active condos from March)

Hobe Sound FL 33455 Condo Market Report April 2016

6 Condos are pending and awaiting close. (Down by 1 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2016

4 Condos sold. (Up by 1 from last month)

 Hobe Sound FL 33455 Condo Market Report April 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  April showed strong activity for the little existing inventory available for Hobe Sound Condos.

There were no sales in Hobe Sound condos for both January and March, but for April the absorption rate is 1.3 months, for December of 2015 it was 1.7 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 April 2015 numbers were: 10 active listings, 2 pending sales and 5 closed sales.  Considering we have just over half the active inventory from last year, this months sales volume is impressive.

Hobe Sound FL 33455 Condo Market Report April 2016

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report April 2016

 

Hobe Sound FL 33455 Residential Market Report April 2016

Hobe Sound FL 33455 Residential Market Report April 2016

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

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

There are currently 217 active listings. (Up by 9 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2016

99 Residential sales are pending and awaiting close  (Down by 17 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2016

54 Homes Sold in April (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County while still an active market is showing some signs of weakness with less close sales and pending sales and an increasing inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.0 months (3.8 months in March).  The second month in a row of being in a sellers market after two months of being in a balance 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 April 2015 were:  178 active listings, 133 pending sales and 63 closed sales. Better activity last year even though there was less inventory.  One of the few areas of Martin County with greater inventory than from 2015.

Hobe Sound FL 33455 Residential Market Report April 2016

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Hobe Sound FL 33455 Residential Market Report April 2016

The Arbors in Hobe Sound May 2016 Market Report

The Arbors in Hobe Sound May 2016 Market Report

There are 4 available homes for sale in The Arbors as of May 2016.  List prices are $439,900 to $597,500 for an average of $519,100 which equals $199.88 per sq. ft. of living area.  These homes have been on the market for an average of 34 days.

There are three homes under contract which have not completed the sales process.  The list prices ranged from $479,000 to $575,000 for an average list price of $527,000 or $196.58 per sq. ft. of living area..  These homes averaged 162 days on market prior to going under contract.

In the past 12 months, 8 homes have sold in the Arbors.  Sales prices ranged from $315,000 to $578,500 for an average sales price of $407,063 which equals $176.87 per sq. ft. of living area.  These sales averaged at 96% of the listed price and were on the market for an average of 131 days prior to entering into an agreement for sale.

The Arbors in Hobe Sound FL

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.

The Arbors in Hobe Sound FL  The Arbors in Hobe Sound FL

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 in Hobe Sound FL The Arbors in Hobe Sound FL

The Arbors is a wonderful place to call home.

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Hobe Sound FL 33455 Condo Market Report March 2016

Hobe Sound FL 33455 Condo Market Report March 2016

 

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

 

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

 

There are currently 5 active condo listings. (Decreased by 4 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

7 Condos are pending and awaiting close. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

3 Condos sold. (Up by 3 from last month)

 Hobe Sound FL 33455 Condo Market Report March 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  March brought the first sale for condos in Hobe Sound for 2016.  Though, with such low inventory, it is hard to make any meaningful comparisons as long as this market remains like this.

There were no sales in Hobe Sound condos for both January and February, but for March the absorption rate is 1.7 months, 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 March 2015 numbers were: 8 active listings, 9 pending sales and 4 closed sales.  Better activity last year with the slightly higher inventory.

Hobe Sound FL 33455 Condo Market Report March 2016

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Hobe Sound FL 33455 Condo Market Report March 2016

 

Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound FL 33455 Residential Market Report March 2016

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

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

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

Hobe Sound FL 33455 Residential Market Report March 2016

116 Residential sales are pending and awaiting close  (Up by 9 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

56 Homes Sold in March (Up by 19 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded very strongly for March with increases in closed and pending sales.  With this kind of activity, the available inventory of homes for sale just isn’t enough to meet the buyers demands.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 3.8 months (7.6 months in February).  Back to a very strong sellers market after two months of either a balanced or buyers 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 March 2015 were:  220 active listings, 122 pending sales and 52 closed sales. Stronger closed sales for 2016, but better pending sales and a slightly greater inventory last March.

Hobe Sound FL 33455 Residential Market Report March 2016

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Hobe Sound FL 33455 Residential Market Report March 2016