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Hobe Sound, FL Real Estate News

By Tom Priester, Paradise Sharks
(Paradise Sharks )
  Home Inventory Level in Hobe Sound Down Slightly as of November 1st One week until we all hopefully take at least a couple days to spend with family and friends and give thanks for all we have been blessed with. Anyone who has owned real estate in south Florida is probably thankful as their property is in almost all cases worth more this year than it was in 2012.    In our last articles published back on November 10th we reported that absorption rates throughout the north county region had increased again mainly do to sales levels that continued to fall. While we are a few days away from reporting final October sales numbers it is looking like we have had a very nice rebound with sales once again picking up. The number of homes under contract in Hobe Sound and the surrounding municipa...
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  Homes For Sale in The Oaks Hobe Sound | The Oaks Real Estate Listings Search The Oaks - Hobe Sound Homes for Sale Type:All Types Single Family Condo/Townhouse/Co-Op Rental Properties Price: to Beds:Any 1+ 2+ 3+ 4+ 5+ Baths:Any 1+ 1.5+ 1.75+ 2+ 3+ 4+ 5+         322 S Beach RoadHobe Sound, FL 33455 $3,950,000 5 beds/5.5 baths Listing courtesy of Fenton, Lang, Bruner & Associa 7947 SE Hempstead CircleHobe Sound, FL 33455 $750,000 4 beds/4 baths Listing courtesy of Hobe Sound Golf Realty Inc Hobe Sound, FL 33455 $1,890,000 4 beds/4 baths Listing courtesy of Fenton, Lang, Bruner & Associa 486 S Beach RoadHobe Sound, FL 33455 $8,500,000 6 beds/7 baths Listing courtesy of Waterfront Prop & Club Communi   23 N Beach RoadHobe Sound, FL 33455 $11,500,000 5 beds/53.2 baths Listing courtesy of F...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
  Absorption Rate in Hobe Sound Moves Higher by 3%   There is no doubt that those of us who practice real estate are drawn by the constantly evolving market that keeps things interesting. Much like a physician we have “charts” that we can read to determine the health of the market. Over the past year these charts have shown for the most part a very healthy market with little reason for concern. Inventory levels shrank month over month while sales strengthened leading to prices rising for the first time in 7 years. Interest rates were at historical lows and all was well but then something happened.   The Fed jumped in and stated publicly they were going to start scaling back on their purchases of our national debt instruments. They had been buying these bonds and treasuries like crazy ov...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
  Hobe Sound Florida Market Report ZIP Code 33455 Condo September 2013   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2013   For August 2013 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 14 active condo listings. (Up by 3 condos from August)     3 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from August)     6 Condos sold in August (An increase of 5 condos from August)   The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  For the first time in many months we had a relatively large increase in active listings (by percentage).   Pending sales dropped considerably while closed sales did take a nice increase.  The absorption rate for Septe...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
  September Home Sales in Hobe Sound Down 7%    Father Time does keep marching on and it is so hard to believe that Friday we will be into November with Thanksgiving just around the corner. Already we see multitudes of our winter visitors and their cars arriving as the beaches, bars and restaurants are quickly filling up. Welcome back!   The real estate market has gone through changes since our visitors left us in May with limited well priced inventory continuing to be a problem for buyers. Interest rates have pulled back, the unemployment rate is back down to a 5 year low and our leaders in Washington have delayed any substantive talks to deal with our debt issue until after the first of the year. Locally home prices have leveled off as we still see double digit year over year gains bu...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
  Hobe Sound Florida Market Report ZIP Code 33455  Residential September 2013   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2013  For September 2013 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 245 active listings. (Up by 12 homes from August) 69 Residential sales are pending and awaiting close  (A decrease of 26 homes from August)   49 Homes Sold in September (Up by 1 homes from last month) The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains quite active and is one of the strongest performing areas of our county.  Troubling for this month was the large decrease in pending sales.  Hopefully, this is just a seasonal effect and will not signify slower sales for the near future. The curre...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
  Hobe Sound posted a 175% change in closed sales and a 24.7% change in Median Sales Price in September 2013. The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source The Realtors® Association of the Palm Beaches. . Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Palm Beach County Florida.  
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
  Home Inventory Level in Hobe Sound up 5% as of October 1st Almost everywhere one looks we find stabilization in the local real estate markets. The steep declines in inventory levels have abated. Interest rates have dropped and moderated after the Fed announced their decision to continue the current level of quantitative easing. Even the median home price increases have leveled off and while the year over year numbers look great we are not seeing much movement in the month over month numbers.   However, almost everywhere, is not the same as everywhere and some concern should be shown for the significant drop is home sales and corresponding increase in the absorption rate we have seen over the past couple months. While it still appears that the drop is sales is due more to the lack of w...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Hobe Sound Absorption Rate Increases Slightly by 3%   October has arrived and with it more changes in the local real estate market which been extremely strong but seems to have been stopping to catch its breath over the past few weeks. Sales have slowed and it is hard to pinpoint if the reason is only related to the lack of quality inventory for buyers to choose from. Perhaps the recent spike in interest rates played a role. While they have dropped 42 basis points over the past three weeks we are still 83 basis points above where we stood on May 5th.   Inventory levels have stabilized over the past 60 days and while the pressure is still  downward we have experience very minimal overall decreases since August. Signs still point to inventory being the main culprit behind the drop in sale...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
  Hobe Sound Florida Market Report ZIP Code 33455 Condo August 2013   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2013   For July 2013 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 14 active condo listings. (Down by 2 condos from July)     8 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from July)     1 Condos sold in July (Decreased by 4 condos from July)   The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With an inventory of only 12 active condos it’s not surprising to see decreasing market activity in this segment of the market.  All statistics within this segment should be taken with a grain of salt, as small changes in activity m...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
  Hobe Sound Florida Market Report ZIP Code 33455  Residential August 2013   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2013  For August 2013 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 233 active listings. ( Down by 5 homes from July) 95 Residential sales are pending and awaiting close  (A decrease of 1 home from July)   48 Homes Sold in August (Up by 6 homes from last month) Closed sales were up again for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  The inventory levels continue to decrease to record levels not seen since well before the housing crisis began.  Pending sales remain strong as well, decreasing by only one home, which is impressive considering the reduced inventory. The ...
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The Oaks - Hobe Sound Homes for Sale | The Oaks Real Estate Listings Search The Oaks - Hobe Sound Homes for Sale Type:All Types Single Family Condo/Townhouse/Co-Op Rental Properties Price: to Beds:Any 1+ 2+ 3+ 4+ 5+ Baths:Any 1+ 2+ 3+ 4+ 5+   7947 SE Hempstead CircleHobe Sound, FL 33455 $750,000 4 beds/4 baths Listing courtesy of Hobe Sound Golf Realty Inc Hobe Sound, FL 33455 $1,890,000 4 beds/4 baths Listing courtesy of Fenton, Lang, Bruner & Associa 486 S Beach RoadHobe Sound, FL 33455 $8,500,000 6 beds/7 baths Listing courtesy of Waterfront Prop & Club Communi 208 S Beach RoadHobe Sound, FL 33455 $11,750,000 6 beds/8 baths Listing courtesy of Lost Tree Realty   Short Sale 8055 WindjammerHobe Sound, FL 33455 $250,000 4 beds/3 baths Listing courtesy of Illustrated Properties/Sewalls ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Inventory in Hobe Sound Down Another 6% Last month at this time we reported how inventory levels in the northern Palm Beach County had stabilized after months in a free fall that has brought us to the lowest level of available properties in over 7 years. While they had dropped it was ever so slight and I could not wait to dig into the numbers to see what has transpired since our last report.   Sales throughout the region remain strong with buyers still acting quickly on the best new well priced opportunities while over priced homes and those in poor condition or with location challenges tend to languish. Investor purchases are down about three percent over the past few months as interest rates have jumped to their highest levels in 70 weeks but have pulled back about 9 basis points...
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Hobe Sound, FL Real Estate Listings | Hobe Sound, FL Homes for Sale   Search Hobe Sound Homes for Sale Type:All Types Single Family Condo/Townhouse/Co-Op Rental Properties Price: to Beds:Any 1+ 2+ 3+ 4+ 5+ Baths:Any 1+ 2+ 3+ 4+ 5+   322 S Beach RoadHobe Sound, FL 33455 $3,950,000 5 beds/5 baths Listing courtesy of Fenton, Lang, Bruner & Associa 7947 SE Hempstead CircleHobe Sound, FL 33455 $750,000 4 beds/4 baths Listing courtesy of Hobe Sound Golf Realty Inc Hobe Sound, FL 33455 $1,890,000 4 beds/4 baths Listing courtesy of Fenton, Lang, Bruner & Associa 486 S Beach RoadHobe Sound, FL 33455 $8,500,000 6 beds/7 baths Listing courtesy of Waterfront Prop & Club Communi   7943 SE Hempstead CircleHobe Sound, FL 33455 $450,000 3 beds/3 baths Listing courtesy of Fenton, Lang, Bruner & Associa ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
  Hobe Sound Florida Market Report ZIP Code 33455 Condo, July 2013   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2013   For July 2013 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 16 active condo listings. (Down by 3 condos from June)   10 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from June)     5 Condos sold in July (Increased by 5 condos from June)     The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales increased to 5 units from 0 sales in July.  Pending sales were off slightly while the inventory is shrinking to very, very small numbers. The absorption rate for July is 3.2 months.  A very strong sellers advantage for those i...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
  Hobe Sound Florida Market Report ZIP Code 33455  Residential, July 2013   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2013  For July 2013 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 238 active listings. ( Down by 10 homes from June)   96 Residential sales are pending and awaiting close  (A decrease of 11 homes from June)   42 Homes Sold in July (Up by 5 homes from last month)   Closed sales were up for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  After an increase of inventory in June, we’re back to lower numbers for July.  Pending sales were also off slightly. The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 5.7 months.  Back to a slight ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
  Home Inventory in Hobe Sound Falls Another 4.5% With Palm Beach County schools starting up again next week it is still a little early to say that summer is over but we are getting close. No doubt it has been an interesting summer on the front lines of the local real estate market and the recovery continues to change on a daily basis. If you are a buyer shrinking inventory levels have made your task of finding a new home more difficult. While we have seen dramatic reductions over the past few months the free fall seems to have cooled with very slight reductions in inventory reported for the period ending August 1st.   If you are a seller, in most neighborhoods and market segments, you are in control and pricing a bit higher than the most recent sales is a prudent marketing strategy. Sa...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption rate in Hobe Sound Hits 8 Month High   It has been 13 days since we reported the latest real estate sales numbers in the northern Palm Beach County region and we are starting to see shrinking inventory affect sales. With 60% of our reporting municipalities showing slower sales and pending sales down across the board we have to ask ourselves is the market changing?    Are slowing sales only due to lack of well priced inventory for buyers to choose from or is demand weakening a bit; a little too early to tell. But there is certainly not a lack of news that will have serious effects on the strength of the market moving forward. Interest rates have seemed to steady a bit off of their recent highs but the hint of the Fed starting to slow their monthly purchases of our debt has Wa...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
  The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source The Realtors® Association of the Palm Beaches. . Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Palm Beach County Florida and Martin County.  
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