hobe sound home sales: Hobe Sound Real Estate Sales Show Continued Strength - 08/15/12 08:04 AM

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 … (3 comments)

hobe sound home sales: Hobe Sound Median Home Price Soars to 17 Month High - 05/15/12 06:28 PM
Hobe Sound Home Sales up for 3rd Straight Month
May is flying by so quickly and the buzz in local real estate offices grows louder every day. Everyone is slammed and there just never seems to be enough hours in the day to handle the load. Remarkable is the best way to describe where the market seems to be going and almost every sign shows that overall prices have bottomed and finally after 6 years are back on the rise.
 
Each month in this column we bring you a recap of the previous months sales levels and much like the … (0 comments)

hobe sound home sales: March Home Sales Jump 44% in Hobe Sound - 04/27/12 09:32 PM
Hobe Sound Home Prices Flat on Strong Sales Numbers
Spring is in the air, our streets here in paradise are less crowded and a seat at The Food Shack on Friday night is easier to find. All is well and the real estate market continues to thrive in south Florida. Finding well priced properties, especially single family homes in good shape, remains a struggle and seeing multiple Realtors with their clients in tow within hours of a new listing hitting the market is a typical sight.
 
While inventory levels remain lower than those we have been spoiled by over the … (0 comments)

hobe sound home sales: Hobe Sound Single Home Sales Jump 45% - 03/13/12 06:31 PM
Single Family Home Sales in Hobe Sound Top the Charts
As we “sprung forward” last weekend the nice sunny skies lasting later in the day are a perfect reminder that spring home buying season is upon us once again. For the first time in over 6 years we are in a position where interest rates are at historic low rates, housing inventories are at multi-year lows and many economists are finally calling the bottom of the great real estate bubble. 
 
There is no doubt that the foundation for potential price increases is stronger than we have seen for a very … (6 comments)

hobe sound home sales: December Home Sale in Hobe Sound was Biggest of the Year - 01/11/12 09:45 PM
Hobe Sound Single Family Home Sales Jump 10%As I sit down to finish up my final articles about the metrics of the 2011 south Florida real estate market I am excited about what the new year will bring. There are many positive signs and I am looking forward to finishing up this review of December sales in the region so we can put together the recap of 2011 and our projections for 2012. But first things first let’s see how things panned out in the final month of 2011. During December our real estate sales power rankings ended up looking like … (1 comments)

hobe sound home sales: Big Jump in Hobe Sound Pending Listings - 12/15/11 07:08 AM
Pending Home Sales in Hobe Sound Increase by 23% in One Month
 

The local real estate market continues to change on a daily basis and the traditional ebb and flow is amazing to watch. This is our last update of pending home sales in 2011 and what a year it has been. Inventory levels have shrunk dramatically, prices remained under pressure, sales have been solid and we are well positioned for heading into the new year.
 
Pending sales are the most accurate predictor of what transactions we can reasonably expect to close escrow in the coming 30 to … (1 comments)

hobe sound home sales: Weak November Home Sales Reported in Hobe Sound - 12/12/11 08:44 AM
Hobe Sound Home Sales Drop 44% in NovemberAfter a very solid, but mixed, month of sales during October I was anxious to see how things panned out in November. As reported earlier in the blog interest rates are at record lows, pending sales were also very solid but mixed and we have seen a slight increase in inventory levels. There is no doubt that the lower inventory levels we have been experiencing have an impact on sales so let’s look at the final numbers for last month. During November our real estate sales power rankings ended up like this;    #1 Juno Beach    #2 … (0 comments)

hobe sound home sales: Pending Home Sales in Hobe Sound Jump 12.5% - 10/16/11 05:44 AM
Hobe Sound Pending Sales Increase for 1st Time in 6 Months
 

The local real estate market continues to chug on down the road towards another season and our northern friends can already be seen around town. Every time I drive by one of the clubs a truck is out front unloading cars. It will be interesting to see the impact they have on real estate sales in the upcoming months. One thing for sure is the market is constantly changing; this week interest rates were up considerably as were foreclosures for the second week in a row. Inventory levels … (0 comments)

hobe sound home sales: Single Family Home Sales in Hobe Sound Down in September - 10/07/11 05:48 AM
Hobe Sound Single Family Home Sales Fall Again
Another very interesting week on the front lines in the south Florida real estate market. Of note is a significant increase in foreclosures in Palm Beach County , the continuation of declining inventory levels and interest rates that remain at all time historical lows. We also say goodbye to Steve Jobs who made a bigger impact on our technological world than anyone; as I type this blog on my MacBook while listening to music on my iPod. We tend to see the market through our own eyes and thankfully I am as busy … (0 comments)

hobe sound home sales: Hobe Sound Single Family Home Sales Down Again in August - 09/08/11 03:34 AM
August Single Family Home Sales in Hobe Sound Drop Again
Another month rolls on, summer is now officially in the rear view mirror, as we start off the fall season looking back at sales during August in the north county area. This month we are going to start giving our “power rankings” of the different municipalities and will post the blogs starting with the lowest ranking and continuing through the star of the month. So here for our first ever power rankings are the results for August;
 
    #1 North Palm Beach
    #2 Tequesta
    #3 Jupiter
    #4 Palm Beach Gardens
    #5 … (0 comments)

hobe sound home sales: Hobe Sound Pending Home Sales Drop for 4th Month in a Row - 08/19/11 11:06 PM
What a difference a month makes and a lot has happened since we last updated the pending sales data in the north county area. The biggest news affecting us all was the downgrading of the credit rating of the United States. One would think that would make interest rates jump but alas the Fed jumps in and announces they are going to try and keep them artificially low for at  least the next two years.  I, for one, certainly hope they can but I think that was more posturing in order to calm the equity markets more than anything else.
 
(0 comments)

hobe sound home sales: July Single Family Home Sales in Hobe Sound a bit Disappointing - 08/10/11 02:15 AM
Single family home sales fall to 5 month low in Hobe Sound
After what has been an unbelievable spring and summer buying season I was chomping at the bit to pull the final numbers for home sales throughout the region for July. With all the negative news on the economic road map perhaps the best bit of news was the Fed’s announcement of yesterday that they will keep rates artificially low for at least 2 more years. Great news indeed for homebuyers but let’s see if they alone can keep rates down this low. 
 
We start off tis months update … (0 comments)

hobe sound home sales: Hobe Sound Pending Home Sales Down for 3rd Straight Month - 07/16/11 12:51 AM
Every month at this time we take a look at the level of pending real estate sales in the north county area as it is the most important metric when determining what future sales will be. Everyone had an amazing spring with stronger sales than we have had in years. Interest rates remain at historic lows, we have seen an interesting drop in foreclosures and inventory levels are at year long lows. Sales reported here for June were tremendous and things are looking up. Or are they?
 
Our May 15th reports throughout the north county area showed pending sales at … (0 comments)

hobe sound home sales: Summer Real Estate Sales Start Off with a "BANG" in Hobe Sound - 07/09/11 01:43 AM
Hobe Sound Single Family Home Sales Pick Up Steam in June
Last month we reported how sales had fallen during May as we transitioned from a very strong spring buying season into the summer months. This morning I start off the monthly updates with Hobe Sound and the numbers look excellent for June which is great news indeed. During the month our local MLS system shows a total of 27 successful single family home closings in Hobe Sound as of this mornings’ update. That compares with 24 sales in May and a fantastic way to start summer here in Paradise.
Not … (0 comments)

hobe sound home sales: Hobe Sound Home Sales Sputter During May - 06/12/11 01:57 PM
Hobe Sound Home Sales Drop Significantly During May
The strength of the spring home buying season in Palm Beach and Martin Counties has been nothing short of spectacular. Inventories as reported here are at year long lows and interest rates were down again for the 8th time in 9 weeks.   I wondered just how long can we keep this party going as I sat down to put together the final sales numbers for May. During the month our local MLS system shows a total of 22 successful single family home closings in Hobe Sound as of this mornings’ update. That … (0 comments)

hobe sound home sales: Hobe Sound Real Estate Inventory Levels Drop Off the Chart - 05/31/11 09:54 PM

The smiles continue to shine around the offices of Keller Williams Realty in Jupiter as the local real estate market continues to thrive and recover. As we report on the first of every month we continue to watch inventory levels to see just how strong this recovery is. As we head into summer and put the spring buying season in the rear view mirror  let’s see what has happened to inventory levels over the past month. This month in Hobe Sound inventory levels have once again moved in a positive direction and with another significant drop we had to revise the … (0 comments)

hobe sound home sales: Hobe Sound Pending Home Sales Take a Step Back for the 1st Time in 4 Months - 05/15/11 09:05 PM
Thirty days ago I reported here how every one of my main market areas in north Palm Beach County with the lone exception of Palm Beach Gardens reported increases in pending home sales for the third month in a row, most of which set new year long highs. These statistics showed a local real estate market that continues to recover quite nicely. Once again I was excited to get back to the data this month and see what has transpired since then but based on the activity I am seeing things continue to get better and better on the real estate … (0 comments)

 
Tom Priester, Paradise Sharks  (Paradise Sharks )

Tom Priester

Paradise Sharks

Jupiter, FL

More about me…

Paradise Sharks

Address: 346 Country Club Drive, Tequesta, FL, 33469

Office: (561) 308-0175

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog