December single family homes sales in Hobe Sound were SPECTACULAR!
Welcome to our first sales report of 2011 and what a way to start off the new year. Interest rates were down the first week of the year and now I have the pleasure to report that December single family home sale in Hobe Sound jumped 100% from November levels. It also tied us for the highest sales month of the year with April when sales were boosted by the expiring tax credit. No boost here from the government just an incredibly strong month of sales. During December our local MLS system shows a total of 28 successful closings as of this mornings’ update. That compares with 14 sales in November and again a tie for the highest monthly total of 2010.
Sales last month were not only very strong but they were also spread across all price categories with especially strong sales in the “uber” luxury home market with 5 sales well in excess of $1,000,000.00. In fact, the “least” expensive of these sales was $2,375,000.00 with three of the sales exceeding $5,500,000.00. The chart below shows the percentage of sales by price category for the month of November.
Even with the strong sales n the $1,000,000.00+ range we saw the median sales price dip a bit. This is because we also had extremely strong sales below the $300,000.00 mark which accounted for 50% of all sales during the month. The median price decreased to $334,500 which is still the 3rd highest level we saw during the 2010 calendar year. Once again, the “season” should bring more sales of the higher priced product and no doubt we will see nice increases in the level in median sales prices over the coming months. The chart below shows median prices through the entire year of 2010.
A professional real estate agent watches these market trends very closely as the data is very important to our clients, whether they are buying or selling, to paint a picture of where the market may be heading. If you would like any additional information on a specific home, neighborhood, or community please feel free to contact me. I am easily reached at 561 308-0175 or via e-mail at firstname.lastname@example.org and would be happy to be of assistance with any of your real estate questions. After just one call you will know why “Results Driven Real Estate” is your top choice for professional real estate services in Hobe Sound and the surrounding areas.
Always at Your Service,
Tom Priester e-PRO
”Results Driven Real Estate”
Keller Williams Realty