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Hobe Sound, FL Real Estate News

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, December 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2012   For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 293 active listings. ( A decrease of 8 homes from November) 84 Residential sales are pending and awaiting close or lender approval (A decrease of 12 homes from November) 45 Homes Sold in December (An increase of 16 homes from last month) Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  A large jump in closed sales closed out 2012.  A decrease in pending sales which is not unexpected as holiday traffic is generally lighter than most other months.  The inventory also cont...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Inventory in Hobe Sound Up 1% in December A new year and the local real estate market seems to be immune form anything holding it back. Absorption rates were down again in 4 of our 5 reporting municipalities with sales levels up almost across the board. Buyers continue to make deals even faced with fewer choices so today we take our first look of 2013 into local inventory levels and see what has happened over the past 30 days. Real estate is truly local in nature and we are lucky to have one of the strongest real estate markets in the country as the word gets out what an amazing place to live the northern Palm Beach County area is. The demand is from everywhere and to date has driven prices in many neighborhoods much higher than year ago levels. Interest rates dipped 4 basis point...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption rate in Hobe Sound Falls 11% As we enter into a New Year everything here in the South Florida Real Estate market looks picture postcard perfect. Even though not all market segments have experienced the robust recovery, overall things just keep getting better and better for property values. Buyers may be frustrated with the lack of quality inventory but sellers and home owners rejoice as their property finally is going up in value after seven years of declines.   Some analysts have gone as far as saying the market has hit bottom and is now in full recovery. Zillow put out their study that showed prices in 2012 were up 4.6% across the nation and are predicting another 3.1% jump this year. CoreLogic has topped that with a prediction of a 6% increase in median price this year. Ma...
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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, November 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2012   For November 2012 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 26 active condo listings. (Down 3 from October)   10 Condo sales are pending and awaiting close or lender approval. (An increase of 3 condos from October)     1 Condos sold in November (A decrease of 1 condo from October)   The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  November showed very little change from last month (which showed very little change from August).  There was only one closed sale, while pending sales were up to 10 indicating a better potential for future closed...
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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, November 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2012   For November 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 301 active listings. ( An increase of 1 home from October) 96 Residential sales are pending and awaiting close or lender approval (An increase of 17 homes from October) 29 Homes Sold in November (An increase of 3 homes from last month) Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  Inventory remained basically unchanged while we had increases in both pending and closed sales. The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped t...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Sales in Hobe Sound fall 24% in November Another month has passed us by, Hanukkah is in the rear view mirror and Christmas is only 4 days away. Our northern friends are in the middle of a snow storm that has snarled holiday travel but here in South Florida the heat is still turned on, especially in the real estate market. We had been at a crossroads with limited inventory and buyers having fewer choices plus higher prices and sales had slowed a bit. Suddenly the drop in inventory levels abated a bit and even headed slightly higher and buyers in November reacted; in a big way. Sales, pending sales and prices all were up strongly. Builders of new home communities have also had a robust year with a 25% increase over 2011 and they are projecting another 35% increase in 2013. Believe it...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Inventory in Hobe Sound Down 3% in November It is hard to believe that December is here, Hanukkah is underway and Christmas is just 15 days down the road. Around Jupiter, and throughout the southern Florida region, the weather has been incredibly beautiful and the “season” is in the air. Nowhere do we see any signs of a faltering economy here next to the sea. The analysts are thrilled with what they are seeing out of the housing market with many feeling the real estate industry will be one of the drivers of the economy in 2013 adding as much as 1% to growth. Ask the major home builders what they see ahead and their confidence rating is at a 78 month high. An important statistic, as if history repeats itself, their confidence rating usually arrives about 15 months ahead of meaningfu...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption rate in Hobe Sound Decreases Slightly The northern Palm Beach County real estate market continues to be solid, especially for home sellers with lower priced properties. Under the $400,000 benchmark there remains a significant lack of well priced homes from which today’s buyers must choose. These metrics continue to push home prices higher throughout the region.   The Florida Association of Realtors reported last week that sales in Palm Beach County were up 22% in October when compared to sales figures from the previous year. Median sales prices were up 23% during the same period. In Hobe Sound we saw a 17% increase in sales and a huge jump in the median price from $243,500 in 2011 compared with $330,000 for a significant 36% increase.   Everywhere one looks projections are t...
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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, October 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2012   For October 2012 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 29 active condo listings. (Up 1 from September)   7 Condo sales are pending and awaiting close or lender approval. (Unchanged from September)     2 Condos sold in October (Unchanged from September)   The Hobe Sound condo market (Zip Code 33455) is tied now ith the Jensen Beach area as the smallest segment of the Martin County real estate market.  October showed very little change from last month (which showed very little change from August).  Only an increase of 1 condos in inventory with both pending and closed sales remaining unchanged from S...
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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, October 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2012   For October 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 300 active listings. ( A decrease of 16 homes from September) 79 Residential sales are pending and awaiting close or lender approval (An increase of 10 homes from September) 26 Homes Sold in October (An increase of 11 homes from last month) [SinglePic not found] After two months of gains in inventory, The Hobe Sound Florida residential real estate market reversed course and decreased the active inventory in October.  There were surprisingly strong results in both pending and closed sales as well, making the 33455 zip code area of Mart...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Sales in Hobe Sound Jump 142% in October With the elections behind us it is time to move forward and watch closely to changes coming our way. No doubt the landscape in America has changed and the challenges ahead for our elected officials are not easy ones. Besides the looming debt ceiling limit and expiration of the Bush Tax Credits coming our way there is another issue of great importance to the real estate industry both locally and nationally.   The Mortgage Forgiveness Debt Relief Act and Debt Cancellation is set to expire on December 31st of this year. This Act allowed taxpayers to exclude income from the discharge of debt on their principal residence. As an example, if Joan and Jim had to short sale their property and their loan was for $300,000 and the short sale was approve...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Inventory in Hobe Sound Up Another 1.4% in October Anyone who has been out looking for their perfect home can tell you that home inventory in Hobe Sound and the surrounding communities isn’t anything to shout about. After significant drops in total inventory over the first seven months of this year we have seen a shift. Inventories have been stagnant with a slight pressure to the upside and each month at this time we want to bring our readers the latest numbers as it effects home prices for everyone. With inventory low sellers have started to price their homes at higher levels and either buyers are not convinced it is time to chase a property at a level that may not appraise or demand has retracted. Even banks are getting into the practice of overpricing their REO listings and in s...
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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 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2012   For September 2012 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 28 active condo listings. (Up 2 from August)   7 Condo sales are pending and awaiting close or lender approval. (Unchanged from August)     2 Condos sold in September (Unchanged from August)   The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  September showed very little change from last month.  Only an increase of 2 condos in inventory with both pending and closed sales remaining unchanged from August. The one month absorption rate is 14 months, signifying that it’s still a buy...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption rate in Hobe Sound well above 12 month average Real estate sales have slowed, Fannie Mae is countering short sale offers at prices well above market value and pricing many of their assets the same way touting their no appraisal required loans. The market is funky and sorting out where we stand continues to be a most excellent, and intriguing, adventure.   We recently reported September sales figures in the Northern Palm Beach County region and it was certainly not a robust month. The median monthly decline in sales came in at 20% which is significant indeed. There are still buyers out there, many of them more than frustrated, but quantifying demand without sales is impossible to do. Is the higher asking prices of properties the main culprit, is it the overall economy starting...
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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 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2012   For September 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 316 active listings. ( An increase of 18 homes from August) 69 Residential sales are pending and awaiting close or lender approval (An increase of 14 homes from August) 15 Homes Sold in September (A decrease of 22 homes from last month) The Hobe Sound Florida residential real estate market activity has seen some inventory gains in the past two months.  This is the only segment of the Martin County real estate market showing an inventory increase of this magnitude.  Pending sales were also up for September while closed sales were...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Sales in Hobe Sound Dismal in September A big welcome back to our northern visitors who seem to return earlier and earlier each year. Already you can see the increase in activity; on the roads, at the beach, in the restaurants....everywhere. They return to a real estate market that just keeps getting more and more interesting and confusing. Across the Palm Beach County area we continue to see inventory levels at very low levels in many market segments but our last report showed levels starting to creep up, just slightly.    But the market is changing and the strength we had seen for most of 2012 is starting to sputter. Absorption rates are moving north as sales slow throughout the region. For the first time that I can remember we have seen a monthly decrease in sales in each munici...
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By Waterfront Properties
(Waterfront Properties & Club Communities)
Hobe Sound is a scenic oceanfront community at the southern tip of Martin County. With a sheltered location between the towns of Jupiter and Stuart, Hobe Sound real estate offers the ultimate in waterfront living with the Atlantic Ocean on one side, the Intracoastal Waterway on the other, and miles of white sandy beach in between. From stunning Hobe Sound homes and waterfront properties, gated single-family communities, or golf course properties, the Village of Hobe Sound has real estate to satisfy most lifestyles. Unlike many coastal towns, this area appeals to both retirees and families alike with its top rated schools and wide range of services.   When you own a piece of Hobe Sound Real Estate you will have access to all of the amenities the area has to offer. In the evening, stroll...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Hobe Sound Home Inventory Increases 4% in September As we continue to see struggles in the overall economy, real estate sales have remained strong with inventory remaining the #1 concern among buyers hoping to find the perfect home now that prices have finally started to move higher. The lack of quality, well priced homes is more than just talk, it is a real problem for local Realtors® trying to assist their clients in today’s market. Many economists are afraid the strength in the real estate sector is not spreading to other segments of the economy. With only 29 days left until the election the next administration will have it’s hands full stimulating things with job creation a big concern. There is no doubt that if other segments of the economy do not start seeing improvement that the ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption rate in Hobe Sound up another 9% This big old goofy south Florida real estate market keeps ebbing and flowing much like the waves that lap the shoreline at our incredible beaches. Summer has passed and we await the annual arrival of our friends from the north. Traffic is picking up and hopefully that will mean good things for the local economy over the next 6 months.   For those of you who don’t know, finding well priced homes in many price and product segments has been very, very difficult. Buyers are frustrated and inventory continues to be a problem. There has been a hint of change, not only in the weather, but it does seem over the past week or so there are more choices for those looking for the perfect home. But prices are up and you will see many listings priced above t...
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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 2012 Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2012   For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 26 active condo listings. (Down 2 from July)   7 Condo sales are pending and awaiting close or lender approval. (Unchanged from July)     2 Condos sold in August (A decrease of 1 condos from July)   The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  August showed very little change from last month.  With only 26 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market. Small changes in any metric will reflect large changes in market activ...
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