Hobe Sound Single Family Home Sales Fall 65% in January

After strong December sales Hobe Sound single family sales drop to a 12 month low during January.

After a great month in December for single family home sales in Hobe Sound where closing doubled from the previous month and were very near the best levels we had seen in a year January was downright gloomy. In fact sales fell about 65% and hit a new low for the past 12 month period. During January our local MLS system shows a total of 10 successful closings as of this mornings’ update. That compares with 28 sales in December and again the lowest monthly total we have seen in a long time. 

Sales last month were not only very weak but they were also all below $300,000 with one exception and that was a home on Sandshoal that sold for $349,900.  We had been seeing some very good sales in the luxury housing categories the past few months but they were nowhere to be found last month. The chart below shows the percentage of sales by price category for the month of January.

With sales falling almost entirely into the lower price categories it is no surprice that the median price for the month also dropped like a rock. In fact we fell from the $334,500 in December, which was one of the higher totals of the year way down to $191,000 which is by far the lowest we have seen over the previous 12 months. The previous low was way back in June and that month we were at $240,000 a full 25% above last months prices. With the season in full force I was expecting a much stronger showing but we hardly experienced that any are hoping for much better things in February. The chart below shows median prices over the past 12 month period.

I watch 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 tom@tompriester.com 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

561 308-0175



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Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

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