The Arbors in Hobe Sound May 2015 Market ReportThere are only 2 active listings for homes for sale in The Arbors as of May 2015.  List prices are $327,900 and $425,000 for an average of $376,450 which equals $185.77 per sq. ft. of living area.There are three homes under contract which have not completed the sales process.  Listing prices were from $365,000 to $457,000 for an average of $409,000 or $185.00 per sq. ft. of living area.In the past 12 months, 8 homes have sold in the Arbors.  Sales prices ranged from $294,900 to $570,000 for an average sales price of $438,987 which equals $172.oo per s. ft. of living area.  These sales averaged at 95% of the listed price.In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors. ... 05/25/2015

They walk among us, Celebrity I mean, leave 'em alone and they'll leave us alone. 1 - You're always pointing out to your guests where Burt Reynolds lives.2 - You sing Alan Jackson songs and you're not even a Country Music fan.3 - At night you look to the sky and say "That's Greg Norman's helicopter."4 - You know that "Trapper" Nelson was a real life Tarzan who lived in our midst.5 - Jonathan Dickinson State Park will always be Camp Murphy to you.6 - Gomez Grant has nothing at all to do with that other Ulysses S. fellow.7 - When people talk to you about the Reformation it's a shipwreck from 1696, and has nothing to do with Religion. 8 - You have to explain to visitors that Harry & the Natives is a restaurant and not a pop rock group of the sixties.9 - You know the difference between a cr... 04/30/2015

Hobe Sound FL 33455 Condo Market Report March 2015   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2015   For March 2014 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 8 active condo listings. (Down by 11 condos from February) 9 Condo sale is pending and awaiting close. (Up by 4 condos from February) 4 Condos sold in February (Increased by 1 condo from February) The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory is at the lowest level that I have seen for Hobe Sound condos ever.  We have a greater number of pending sales than we have active listings! The current absorption rate is 2 months (Last month it was 6.3 months). The statistics within this segment should ... 04/30/2015

Hobe Sound FL 33455 Residential Market Report March 2015 Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2015   For March 2015 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 222 active listings. (Down by 28 homes from February) 120 Residential sales are pending and awaiting close  (Up by 22 homes from February) 52 Homes Sold in March (Up by 17 homes from last month) The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some very strong activity for March.  Both pending and closed sales rose, though unfortunately the inventory dropped, possibly effecting future activity with fewer choices for buyers. The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly... 04/29/2015

 The numbers are in for March, 2015 for Palm Beach County cities. 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 Martin County Florida.  Please feel free to call me for any of your real estate needs.      04/27/2015

There seems to be a lot of Zestimate bashing going on for some reason. A plus or minus 8% valuation of an average American's most valuable asset seems to be fair in this age of information. For the purpose of this example we'll say for instance that the typical home in the U.S. sells for $250,000 and using this guide we can expect that any offer between $230,000 and $270,000 is an acceptable deviation in value. To a Buyer the former value is appropriate while a Seller sees only the latter. Herein is the difference between the realities of acceptable and reasonable. Finding a middle ground is our task!      There will always the temptation to push boundaries and get the best possible price for our customers despite which side of the fence they're on. We are hired to combat the values and... 04/25/2015

Hobe Sound FL 33455 Condo Market Report February 2015   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2015   For February 2014 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 19 active condo listings. (Up by 2 condos from January) 5 Condo sale is pending and awaiting close. (Up by 2 condos from January) 3 Condos sold in January (Unchanged from January) The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for February for the third month in a row.  A welcome sight.   Pending sales also rose while closed sales remained unchanged. The current absorption rate is 6.3 months (Last month it was 5.7 months). The statistics within this segment should be taken with a ... 04/02/2015

Hobe Sound FL 33455 Residential Market Report February 2015 Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2015   For February 2015 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 250 active listings. (Up by 19 homes from January) 98 Residential sales are pending and awaiting close  (Up by 31 homes from January) 35 Homes Sold in February (Up by 2 homes from last month) The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some improvement for February after a somewhat slower start for the year.  The largest jump was in pending sales which should result in some very strong sales activity in the next month or two. The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 in... 04/01/2015

  The numbers are in for February, 2015 for Palm Beach County cities. 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 and Martin Counties Florida.  Please feel free to call me for any of your real estate needs.      03/25/2015

Lost Lake Hobe Sound March 2015 Market Report There are currently 6 homes available for sale in Lost Lake.  List prices range from $235,000 to $600,000 for an average of $347,800 which is $167.39 per sq. ft. of living area.  There is one foreclosure and one short sale in this group of listings There are 8 homes under contract and awaiting settlement.  List prices range from $235,000 to $499,900 for an average of $347,111 or $160.67 per sq. ft. of living area.  There is one short sale in these pending listings. In the past 12 months, 33 homes have sold in this community.  Sales prices ranged from $184,000 to $560,000 for an average sales price of $288,281 or $151.45 per sq. ft. of living area.  Sales averaged at 96% of list price.  There was only 1 distressed sale in this group, a bank o... 03/16/2015

Envision yourself and several other associates sitting around a large table at a customer's home that  you're all attempting to list. You've finished the compelling stories of why they should choose you to market their property and now it's time to get down to brass tacks. As in the game of Name That Tune you'll now have to put your money where your mouth is and vie for the quickest sale. The graph below has some pretty steep numbers. How low could you go given this range of time? When you consider that the average sold home price hovers above $5,000,000 you definitely don't want to short change yourself.  The idea that it may take 2 years to Sell your Jupiter Island home can be a shock. Recent activities are much more acceptable but remember these are the averages and don't offer a gua... 03/08/2015

Using this statistic has been a staple for most associates I know. Those representing Buyers can determine a starting point for their offering which can capture a sale without ruffling too many feathers. While listing associates can utilize its results to gauge a proper price point acceptable to their owners. This ratio is constantly under flux through many other variables in the market. Inventory drives most of that activity while in this particular graph the location may also be the determinant. Close proximity to the Golf Course and Club, an Oceanfront vista or Intracoastal access can play a dramatic role also. Some prefer an interior lot situated on tree lined lanes with beautifully landscaped yards which invite the senses. All of the varieties may only be available in very limited ... 03/06/2015

Thirty years prior to the advent of Zillow the usage of price per square foot when determining residential home values was virtually non-existent. We did see its use for investment properties, commercial space and multifamily analysis albeit a background statistic which complimented the whole. Most of the automatic valuation methods or AVM's used today weight it much more heavily as a market and pricing indicator. The fact is that consumers are using it as their single most accurate valuation tool and that causes conflict where our paths cross. I cannot defend its use for accuracy due to the wide range of values it generates. Pricing has always been puzzling for many and one simple equation can skew the realities of our marketplace. Would you consider price per acre or price per waterfr... 03/05/2015

  The numbers are in for January, 2015 for Palm Beach County cities. 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 and Martin County Florida.  Please feel free to call me for any of your real estate needs.    02/27/2015

Hobe Sound FL 33455 Condo Market Report January 2015   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2015   For January 2015 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 17 active condo listings. (Up by 4 condos from December) 3 Condo sale is pending and awaiting close. (Down by 3 condos from December)   3 Condos sold in December (Decreased by 2 condos from December) The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for January for the second month in a row.  A welcome sight.   While closed and pending sales decreased from last month, this is still a very active segment of the Martin County real estate market. The current absorption rate is 5.7 months (... 02/27/2015

Hobe Sound FL 33455 Residential Market Report January 2015 Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2015   For January 2015 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 231 active listings. (Down by 12 homes from December) 67 Residential sales are pending and awaiting close  (Decreased by 4 homes from December) 33 Homes Sold in January (Up by 13 homes from last month) The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  We closed the year off with a positive note as closed sales came back up nicely.  Unfortunately pending sales decreased a little and the inventory continues to decline as well. The current absorption rate for the Hobe Soun... 02/26/2015

This graph represents the original list prices and eventual sale price of those homes in the given year. NOTE:  The Sold data for caleandar year 2014 was calculated prior to all recorded sales becoming available for review. The actual average is estimated at $4,666,230. All information is believed to be accurate however it is not guaranteed.   02/25/2015

Hobe Sound FL 33455 Condo Market Report December 2014   Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2014   For December 2014 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 13 active condo listings. (Up by 4 condos from November) 6 Condo sale is pending and awaiting close. (Up by 2 condos from November)   5 Condos sold in November (Increased by 1 condo from November) The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for December after being down to under 10 condos for last month.  Nice activity for the month as well considering such low availability of condos.  Both close and pending sales were up. The current absorption rate is 2.6 months (Last month i... 02/03/2015

Hobe Sound FL 33455 Residential Market Report December 2014 Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2014   For December 2014 in the 33455 Zip Code area of Hobe Sound, Florida :   There are currently 231 active listings. (Down by 12 homes from November) 67 Residential sales are pending and awaiting close  (Decreased by 4 homes from November) 33 Homes Sold in December (Up by 13 homes from last month) The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  We closed the year off with a positive note as closed sales came back up nicely.  Unfortunately pending sales decreased a little and the inventory continues to decline as well. The current absorption rate for the Hob... 02/02/2015

  The numbers are in for the year end, 2014 for Martin County cities. 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 or Martin Counties Florida.  Please feel free to call me for any of your real estate needs.     01/25/2015