Hobe Sound Market Report ZIP Code 33455 – Residential, August 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2012   For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 298 active listings. ( An increase of 19 homes from July) 55 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from July) 37 Homes Sold in August (An increase of 6 homes from last month) For the second month in a row the Hobe Sound real estate market (ZIP Code 33455) had some disappointing results.  While closed sales were up for August, the number of pending sales were off considerably and unlike most other areas of Martin County the inventory rose for the second month n a row.  Whether this is just typ... 09/27/2012

The numbers are in and Hobe Sound Florida's market remains strong. The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source. 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 and Martin County Florida.   09/27/2012

Hobe Sound Single Family Home Prices Remain Affordable We have torn another page off the 2012 calendar since we looked at home sales in Hobe Sound and the surrounding communities. During that time interest rates have hit another new all time low, inventory levels continue their decline with some municipalities reporting lower inventory for 8 consecutive months and absorption rates have been torn between up and down depending on location.   Perhaps the most important news is what is going on with the overall economy and we all are being inundated with political ads, especially those who live in one of the swing states. No matter where your views lie it is hard to envision either party making the necessary cuts to reverse the spending party and the Fed has announced plans for QE3. With t... 09/23/2012

Inventory levels up 6% in Hobe Sound It’s that time of the month again when we look and see what has happened to real estate inventory levels in the area to see if the dramatic slide continues. Multiple offers, quick sales, prices above list price it continues to be a battle finding qualified buyers homes in today’s market. Demand stays strong and when you realize that 27% on all international buyers purchase a property in Florida and this accounts for 20% of all sales in the state. Yes, one in 5 Florida homes over the past year has sold to an international buyer and 82% are paying with cold hard cash. Rents are on the rise, interest rates remain an insane bargain and well priced homes in good condition remain scarce. We have the overall economy in turmoil, lending standards stiffening ... 09/05/2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2012   For July 2012 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 28 active condo listings. (Down 2 from June)   7 Condo sales are pending and awaiting close or lender approval. (Down 1 from June)     3 Condos sold in July (A decrease of 3 condos from June)   The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. July showed fewer closed sales, one less pending sale recorded as well as another decrease in inventory.  With only 28 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market. The one month absorption ... 08/29/2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2012   For July 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 279 active listings. ( An increase of 13 homes from June) 77 Residential sales are pending and awaiting close or lender approval (A decrease of 16 homes from June) 31 Homes Sold in July (A decrease of 15 homes from last month) The Hobe Sound real estate market (ZIP Code 33455) took a little turn for July.  For the first time in quite a few months, the inventory increased.  Pending sales and closed sales were also off.  This is the only segment in Martin County reporting such results, so it remains to be seen if this is just a seasonal abnormal... 08/28/2012

Absorption rate in Hobe Sound jumps by 19% Everywhere one turns there is good news about the real estate market; locally, statewide and nationally. Earlier this week the National Association of Realtors  reported that existing home sales rose in every region but the west, which they point out was down primarily due to what they call “tight inventory”. Add to increasing national sales good news the prices are up good news with nationwide median price up 9.4% from the same period in 2011. July marked the fifth straight month of increasing prices and the largest monthly gain in over 6 1/2 years.   Minutes after that report the wires lit up with news from the Florida Realtors® who reported that statewide sales and median prices rose in July while inventory levels continued to shrink. Inter... 08/26/2012

Hobe Sound bucks local trend with strong sales in July The local real estate market continues to intrigue. Inventory levels continue to drop and prices continue to rise and the two are certainly related. As the number of properties available for buyers to consider drops the laws of supply and demand take over. As supply diminishes and demand stays constant prices will rise. There are certainly appraisals to contend with but everyone agrees prices are finally on the upswing.    There are buyers everywhere looking to act on interest rates that continue to amaze. Foreclosed properties continue to be snapped up and in a future article we are going to take an in depth look at a remarkable change in who is ending up with these properties. Buyers are reading to act but suitable properties are... 08/15/2012

Hobe Sound Inventory Level Increases 1% in July August is going to be an interesting month. With the local housing scene continuing to show strength and the national economy still struggling one thinks a convergence is on the way. How long can housing continue on it’s merry way without a substantial change in the economic fundamentals? Interest rates continue to drop and this week the United States Treasury dropped hints about negative yield bonds which we have brought up before in this column. Home sales on a national level for both new and resale properties fell in June while we reported here strong local increases in 4 of our 5 municipalities. And we are talking substantial gains with an average increase of 23.4% over May numbers. We keep searching for a change in fortune but as of n... 08/03/2012

  Absorption rate in Hobe Sound hits 5 Month High The south Florida real estate market has been so hot it defies logic. Much of the national and international news does not paint a rosy picture; interest rates continue to drop and that is because the economic recovery is hardy robust. Investors are looking towards the Fed to see what tools they might have left in the box to pull this economy out of the mud.    But none of that seems to be having a negative effect on the local real estate market. For the last 5 months it has been good news and blue skies. Each month around this time we bring you updated numbers for the absorption rate in the northern Palm Beach County area. These numbers, and especially the trend we see in these numbers, are critical when understanding how inventory and ... 07/28/2012

561-352-3056 – www.treugroup.com – Your Palm Beach County Real Estate Agent, The Treu Group of Keller Williams Realty offers information for Palm Beach County buyers and sellers including Short Sale Information in Palm Beach County, how to avoid foreclosure in Palm Beach County, how to buy a great deal in Palm Beach County, how to get a home sold in Palm Beach County, what the Luxury Market in Palm Beach County, buy a great deal in Palm Beach County, what the Luxury Market in Palm Beach County is doing and so much more.  The Hobe Sound, Florida real estate market stats are out for June and there is some interesting news.  Inventory of available homes are at 7.7 months which is down 42.1% compared to last year.     The Treu Group has seen many multiple offers and Hobe Sound homes are se... 07/26/2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2012   For June 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 266 active listings. ( A decrease of 19 homes from May) 93 Residential sales are pending and awaiting close or lender approval (A decrease of 6 homes from May) 46 Homes Sold in June (An increase of 3 homes from last month) The Hobe Sound real estate market (ZIP Code 33455) remained active for June. The inventory decreased again.  Now only 266 active listings. Closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better strength through the lat... 07/25/2012

Hobe Sound single family home sales down 33% in June We have a problem here in the south Florida real estate market. A real problem and one quite different than what we have been experiencing over the past 7 years. There are not enough homes out there to satisfy the growing numbers of buyers looking to lock in both low prices and ultra-low interest rates. This is most evident in the investor market and single family homes priced under $400,000.   When a new listing hits the market it is like bees on homey with multiple showings within hours, multiple offers and lightning fast sales. One subdivision in Palm Beach Gardens a few short months ago had 12 listings and sellers were begging buyers to cross the threshold. Today that same subdivision has no homes available and prices are up.    T... 07/19/2012

Hobe Sound Inventory Level Declines 9% in June Multiple offers, quick sales and rising prices have become the rule here in south Florida as the amazing real estate rebound of 2012 continues. The shortage of quality single family homes continues and absorption rates have declined to levels we have not seen in about 7 years. Inventory levels throughout the north county region continue to drop. And we are talking about very significant reductions. Many buyers are finding out just how competitive this market is when out shopping for a new home. When a home that is properly priced hits the market, especially in the sub $400,000 price ranges, it is snapped up immediately and I mean in days if not hours. Acting quickly on new opportunities has not been this important since early 2005 before t... 07/14/2012

Absorption rate in Hobe Sound drops 24% in one month Year after year, for almost seven years, we have had to report news of sliding prices as we continue to pay the price for the big real estate bubble that popped in late 2005. But as Bob Dylan says “the times they are a changin’”. With each month that passes us by the eventual recovery has to draw closer and with the trend we have seen in local markets one might say that recover has been here and the bottom has finally been set.   Each month around this time we bring you updated numbers for the absorption rate in the Northern Palm Beach County area. These numbers, and especially the trend we see in these numbers, are critical when understanding how inventory and demand interact and what role they will have in future price movements. As... 07/05/2012

Osprey Cove in Hobe Sound   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 fro... 07/05/2012

Hobe Sound single family home sales show recovery underway Everywhere one looks there are signs of the troubled housing market finally recovering with a firm foundation. Bidding wars have become commonplace with properties selling above list price and in some cases above appraised valuations. As we turn from the spring buying season to the summer months things have changed and buyers in the northern Palm Beach County area are finding that it is not that easy to find a home.   There are certainly bumps in the road ahead with millions of homeowners across the country owing more on their mortgages than the property is worth and the level of foreclosures expected to pick up in the coming months. But the demand seems to be stronger than the supply locally and it sure feels like we are starti... 07/04/2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, May 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2012   For May 2012 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 33 active condo listings. (Down 2 from April)   8 Condo sales are pending and awaiting close or lender approval. (Up 2 from April)     1 Condos sold in May (A decrease of 4 condos from April)   The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. May showed slower activity with only 1 closed sale and a further decrease in inventory to only 33 available units. pending sales were up slightly, so there should be some closed sales in the coming months.  I don’t expect to see any great movement in this se... 07/01/2012

Hobe Sound Inventory Level Declines 6% in May The real estate market in south Florida remains extremely strong with buyers scrambling to find the right opportunities and take advantage of interest rates that keep setting new historical lows. Inventory remains a significant issue with a shortage of well priced homes in many price categories putting measurable upside pressure on the market for the first time in over 7 years. Some experts are reporting they feel banks are “hoarding” foreclosures and the upswing in housing prices is temporary in nature and will reverse course once much of the “shadow inventory” is released. We keep a very close eye on new bank inventory hitting the market and to date in the northern Palm Beach County area the REO inventory that does hit the market are lower... 06/30/2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, May 2012   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2012   For May 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 285 active listings. ( A decrease of 30 homes from April) 99 Residential sales are pending and awaiting close or lender approval (A decrease of 8 homes from April) 43 Homes Sold in May (A decrease of 4 homes from last month) The Hobe Sound real estate market (ZIP Code 33455) continued very strong results into May 2012. The inventory decreased significantly this month by 30 homes, while closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better ... 06/27/2012