Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2011

 

For November, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 316 active listings. ( Down 12 from October)

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71 Residential sales are pending and awaiting close or lender approval (Up 12 from October)

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15 Homes Sold in November (A decrease of 15 homes from last month)

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Bucking the trend from the rest of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had a second month of decreasing inventory and increasing pending sales.  Unfortunately closed sales were down by 50% from 30 units (a strong October) to only 15 last month.

Comparing to last November, we had 431 active listings, 51 pending sales and 16 closed sales.  Even with a significant decrease in inventory, sales as well as pending sales remain strong.  In addition, recent sales have tended toward more medium and upper end price ranges which shows many higher income buyers coming back into the market.

Provided we don’t see a drastic increase in distressed properties (short sales and bank owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

 

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

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2011

 

For October, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

 

 

There are currently 42 active condo listings. (Up 4 from last September)

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3 Condo sales are pending and awaiting close or lender approval. (Down 3 from September)

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2 Condos sold in October (Up from 0 sales in September)

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The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the condo market on the Treasure Coast.  While inventory increased in October, it is still fairly low, but demand is also slack in this part of the local condo market.  With demand being so low, and high inventories in the surrounding areas, we don’t see any appreciable pressure on prices to rise in the coming months.  Should activity increase significantly in the neighboring activities, we then will predict some rising values for the Hobe Sound condo market.


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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2011

 

For October, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 328 active listings. ( Down 20 from September)

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59 Residential sales are pending and awaiting close or lender approval (Up 11 from September)

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30 Homes Sold in October (An increase of 9 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) had a surprisingly strong October.  After a disappointing September, all of our indexes moved in a positive direction for a strong market.

Inventory decreased, homes under contract increased and closed sales showed an increase as well.  We are expecting a bit of a slowdown as we enter the holiday season, but time will tell, as the October Hobe Sound results were a bit of a surprise.

This will be an interesting season to watch!

 

Search here for Hobe Sound Florida Real Estate for Sale

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

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, September 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, September 2011

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2011

 

For September, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

 

 

There are currently 38 active condo listings. (Down 4 from last August)

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6 Condo sales are pending and awaiting close or lender approval. (Unchanged from August)

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    The Hobe Sound condo market is very small as cmpared to the condo market for the remainder of Martin County.  There were no sales of condos in September of 2011.  The inventory continued to decline and only 6 condos are presently under contract.
    With the low inventory, this is one of the best seasons in quite some time for those that have a desire to sell their Hobe Sound condo.  While prices aren’t going up, the lack of inventory might just result in a very good sale for todays’ market conditions.

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, September 2011

 

Hobe Sound Florida Market Report ZIP Code 33455, Residential, September 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2011

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2011

 

For September, 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

 

 

There are currently 348 active listings. ( Up 6 from August)

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48 Residential sales are pending and awaiting close or lender approval (Down 6 from August)

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21 Homes Sold in September (An decrease of 9 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) had a disappointing September.  All indexes reversed course and moved in the wrong direction, though not by significant numbers.  Inventory was up, and both pending and closed sales were down.

This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer season.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially for those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, September 2011