Jupiter Homes for Sale

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Jupiter Report January 13, 2012

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This week we saw home sales rise to 48 from 32 closings last week.

This is the first week of sales and I'm glad to see the numbers on the rise again. I hope everyone read my statistics from last week regarding home inventories here in Jupiter and the declining supply of homes. Many of you have been watching the market and should be recognizing that there really aren't many new homes coming on the market. One or two in each community. The under $500,000 market is is really strong. Above $500,000 to a million or so is probably the weakest market, but the inventory levels in that segment are very low. Above 1 million seems to be doing quite well.

I'm sure everyone saw the news about Tiger Wood's ex wife just demoing her 12 million dollar home she just purchased on the ocean in North Palm. We continue to see more and more celebrities moving into the area and buying expensive homes and doing expensive remodels or teardowns.

Click link below to view.

You Tube Video

Take a look at the contingent listings this week, that went under contract. 20 homes in the past 3 days went under contract and 5 were 30 days or less, 5 were under 60 days and the remaining were over 1 year. It goes back to limited inventory and many buyers patiently looking for new properties. As soon new properties hit the market they are getting offers. The really good deals are getting scooped up right away. With the diminishing inventory levels people are having to look at less desirable properties that have been on the market for a long time. Sellers are reducing their prices and buyers are having to set their sites a bit lower and maybe not get the exact home they wanted. The baby boomers are exerting enormous pressure on a southward migration. I'm seeing more younger families buying second homes that you never saw in the past. Between both groups there is a pent up buyer demand that I feel will continue to explode. There are many Northerners trying to sell their homes and they are not selling at the prices they are asking. All while our market is moving in a positive direction. The Jupiter real estate market recovery is at least 6 months or more ahead of most of the real estate markets in the country. This means the longer you hold out for your price up north our prices will be moving upwards.

If you are serious and you are receiving new listings from me each week you really need to pay attention and if a property here in Jupiter catches you eye, pickup the phone or email me. I will be happy to give you my opinion, good or bad as most of you who know me I will tell you the truth about what I think and than you can decide. If you aren't receiving exactly what you are looking for, call me and we can discuss your needs and I can focus in on property searches for you.

Top Ten Report

I added a few homes to my 10 best list this week. You can see two of my 10 best list went under contract this week. I'm batting .200. Not bad.

Jupiter Ocean Grande - 4th floor Grand Bahama Model Complete remodel. Owner is Interior designer. Over $200,000 in upgrades! Take a look at the photos. $ 899,000

Jupiter Ocean Grande #707 - Just Reduced $25,000 Today!

Best view in the complex and the best condo/view under 1 million.

Real wood floors. Plantation shutters. Owner says Sell!

Corinthians - 176 Helios #603 Penthouse SE corner.

Incredible ocean views and views of Lake Olympus to the side. Light and bright Penthouse.

San Remo - On the sand townhouse. You won't find a better beach home. Owner is motivated and it is all remodeled. Ask me about this one.

Waterfront home- Complete remodel and wide River views. Soaring ceilings and priced to sell. Take a look at this home.

101 S Seas Dr # 406 in the Bluffs South. Closest building to the beach, SE exposure, incredible ocean views from living room and bedroom. The best remodel I have seen in the Bluffs. Everything was done 1st class. Shows like a model! Must See!

Under Contract 1 week!

5510 N Ocean Dr 22A in Water Glades on Singer Island. Beautifully remodeled with sweeping views both north and south up the coastline of Singer Island.

900 Ocean Dr # 502 in the Surf. Least expensive condo on Juno Beach with a direct ocean view. Only condo in the building for sale. The best pool deck on Juno Beach. Sit on the pool deck and you are elevated above the beach with great ocean views.

Under Contract!

141 Seabreeze Circle- Walk to beach, shows really well with many upgrades. Reduced to $215,000. Best Value for a beach area townhome.

415 Juno Dunes Way - 3 story townhome with impact windows, nicely appointed and built in 2005. Walk to beach - Just listed. $ 372,000

Beachcomber ground floor condo, 3 bedroom condo with a carport. Step outside to the community pool and just 150 ft from the ocean. Take a look at this unit. Just reduced!

Click the link below to view each property in my

10 Best Report below.

If you know what you are looking for email me with your search criteria and I will send you new listings & price changes as soon as they hit the market. Be the first to see the best deals out there!

I want to thank all my customers who bought homes this year and all my people that frequent my websites and read my reports each week. It has been a pleasure to help you and I look forward to another great year here in Jupiter.

Each week the Jupiter home sales report is done with my customers in mind. I hope the report assists you in being a more informed Jupiter home buyer and provides you with a wealth of information about the Jupiter real estate market.

Jupiter Report December 22, 2011

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This week we saw home sales rise from 32 to 48 closings for the week. Fifty is the weekly average when season is not here. I attached one article from the Palm Beach Post in regard to the real estate market and the large increase of population moving into Florida over the past year. Home sales, year to date from last year are up 36% and condo sales were up 19% in Palm Beach County. These are really strong numbers. Those of you who have been watching homes closely are seeing less homes on the market and they are selling faster. We read all these different numbers but sometimes when you here statistics and views you don't know what to believe. I am still very confident the best deals( the winning the lottery deals or the deal my friend got are slimmer and harder to find). The buyers are still looking for them and many are becoming discouraged. You see consistent homes sales each week in the Jupiter area, they are coming right out of the mls and are very accurate.

It reiterates alot of what I have been saying and seeing in the market. In this weeks solds I want you to look at a few properties. A Martinique townhome in Abacoa just sold for $252,000. I sold a very similar one last year at $235,000. The Ocean Ridge townhome in Juno Beach just sold for $484,000. They had one sell in 07 for $517,000 and in 05 which was almost near the peak sell for $577,000. They haven't really dropped that much from the peak and are holding steady. Why , limited supply of that type of place.

You see the Jupiter Ocean Grande on the top just sell for $800,000 cash. That is a very strong number for a 4th floor condo in that building. Earlier this year the same stack on the 8th floor sold for $855,000. You can see the numbers are moving up for limited supply products. They have quite a few 3rd floor units in the building for sale and they can't move them.

Also look at Magnolia Bay which sold at $360,000 and almost the same home in Abacoa sold for $40,000 more. They are only a few miles apart and built by the same builder. The Jupiter home brings more money because of the schools.

Palm Beach Post Article

I received the stats below from an agent in Mt. Pleasant SC today. Sales are up 10% for both homes and condos from last year. Sales prices dropped just a bit for condos and homes were 4%. The lower end condo market is now the entry level market as less people can afford a single family home so demand has become strong.

MOUNT PLEASANT REAL ESTATE HIGHLIGHTS
SINGLE FAMILY HOMES
   · New Listings DOWN 14.6%
   · Closed Sales UP 10%
   · Sales Price DOWN 4.6%
   · Days on Market DOWN 9.1%
CONDOS/TOWNHOMES
   · New Listings UP 29.6%
   · Closed Sales UP 12.3%
   · Sales Price DOWN 1.2%
   · Days on Market DOWN 19.4%

These statistics represent comparisons between 2010 and 2011, year-to-date in Lower Mt. Pleasant.

If you have any questions about specific communities here in Jupiter or you would like information about a certain condo feel free to contact me. Remember when you look at the monthly condo fees your homeowners insurance is in the fees as well as water/sewer and usually basic cable. Just to give you an idea on homeowners insurance you can expect to pay about $3,000 per year on a home that is insured for $250,000. Basic cable, water and sewer will run on average $125 per month. So here you have $375 per month for exterior insurance and utilities that the condo fees cover. Average condo fees run about $250 to $300 per month on the low end and oceanfront condos will start about $600 per month and go up. As far as taxes you can expect 2% or so of the selling price and in newer communities like Abacoa you will see almost 2.5% due to infrastructure taxes.

Top Ten Report

My top ten remained the same this week as I did not see any homes that I thought were great values.

141 Seabreeze Circle- Walk to beach, shows really well with many upgrades. Reduced to $215,000

415 Juno Dunes Way - 3 story townhome with impact windows, nicely appointed and built in 2005. Walk to beach - Just listed. $ 372,000

601 S Seas Dr # 306 in the Bluffs South. Renovated. Deal fell through. A really nice condo with low condo fees. $1,100 per qtr. One of Jupiter's most popular community.

Beachcomber ground floor condo, 3 bedroom condo with a carport. Step outside to the community pool and just 150 ft from the ocean. Take a look at this unit. Just reduced!

Ocean Villas - 225 Beach Rd at $339,000. Incredible Intracoastal and Lighthouse views.

The Colony is back on the market. Best ocean views in Juno Beach. 1700 sq. ft of living space with glassed 15 x 30 balcony overlooking the best beach in the area.

Click the link below to view each property in my

10 Best Report below.

Happy Holidays to Everyone and Enjoy the New Year.

Jupiter Report November 17, 2011

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This week we had 34 home sales, down from 65 last week. This is the slowest week we have had in a very long time for closings but 37 properties went under contract ( contingent) in the past three days. Of the 37 that went under contract in the past three days here is what we saw.

Jupiter Home Sales

8 homes under contract in less than 10 days on the market.

7 homes in less than 30 days

3 homes in less than 60 days.

50 % of the new listings went under contract in 60 days or less.

40% of the new listings went under contract in 30 days or less.

20% of the new listings went under contract in 10 days or less.

New Listings

In this weeks new listings take a look at 100 Xanadu Pl. Jupiter , Fl A direct oceanfront home listed at just under 1.5 million. Beachfront living at its best!

114 Cape Pointe in the Bluffs. Complete remodel, listed at $450,000. The Bluffs is one of the best beach values around. Well maintained community and east of the Intracoastal.

Everyone knows the logo above. I hear Zillow says more often than my phone rings and my phone rings all day. It is the All Mighty home value tool and if Zillow says so it must be true. Everyone have a quick laugh because you all know it's true. Has anyone ever looked at the Zillow page regarding data.?

The Zestimate (pronounced ZEST-ti-met, rhymes with estimate) home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home's value. The Zestimate is pulled from data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account. We encourage buyers, sellers, and homeowners to supplement Zillow's information by doing other research such as:

    * Getting a Comparative Market Analysis (CMA) from a real estate agent

    * Getting an appraisal from a professional appraiser

    * Visiting the house (whenever possible)

Our data sources may be incomplete or incorrect; also, we have not physically inspected a specific home. Remember, the Zestimate is a starting point and does not consider all the market intricacies that can determine the actual price a house will sell for.
Here is a great article about Zillow below: Click link.

Zillow Article

Don't get me wrong Zillow has a wealth of information on it but many factors effect the selling price of a home. The Bluffs is a great example. Every home is the same. Identical, the yards may be different but you will see home prices range by $150,000 or more from high to low. Zillow may have the latest sales and they are all original homes on US 1 with lots of traffic noise and than you are looking at a remodeled home with a lake view and it is $100,000 more. Is Zillow wrong? The homes are worth just $325,000 yet this one sold for $450,000. Did they overpay? Maybe , maybe not. What does it cost today to remodel a 2,000 sq. ft home floor to ceiling? Maybe a new roof?

Another problem with Zillow now is foreclosures that are uninhabitable are given the same weight as a beautiful remodeled home in the neighborhood. Another equation Zillow does not consider is CBS homes versus frame homes. CBS homes here bring a substantially higher price for several reasons. The same homes could be $50,000 difference just because one is CBS and the other frame.

Like Zillow says it is a tool just like the county property appraiser website. You really must see each home to determine the value of the home.

Top Ten Report

I added the Estuary to my 10 best list here in Jupiter today. Great 2 bedroom with loft area. 1 car garage. Hurricane glass on patio with beautiful golf course views. Unit is spotless with updates including new master bath and shower. Priced great at $299,000. Won't last a week!

601 S Seas Dr # 306 in the Bluffs South. Renovated. Deal fell through. A really nice condo with low condo fees. $1,100 per qtr. One of Jupiter's most popular community.

I added 911 Ocean Dr in Juno Beach a two bedroom ocean view condo in Juno Beach that just was reduced to $269,900. Great views of the ocean but sits across A1A.

Beachcomber ground floor condo, 3 bedroom condo with a carport. Step outside to the community pool and just 150 ft from the ocean. Take a look at this unit.

The Bluffs South ground floor unit at $259,000. No ocean view but steps to the ocean.

Reduced to $214,900 this week. Make an offer! Bank owned. Back on market at $199,000.

1000 Ocean Dr. San Remo in Juno Beach. Listed at 1,375,000. Owner is motivated. Walk out to the sand.

Ocean Villas - 225 Beach Rd at $339,000. Incredible Intracoastal and Lighthouse views.

The Colony is back on the market. Best ocean views in Juno Beach. 1700 sq. ft of living space with glassed 15 x 30 balcony overlooking the best beach in the area.

Click the link below to view each property in my

10 Best Report below.

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Jupiter Report October 5, 2011

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This week we had 60 homes close, up from 51 last week. I continue to see strong sales here in Jupiter which is a good sign for the Jupiter home market. I did notice this week I saw quite a few short sales close and bank properties are selling fast. Most of the bank properties are under contract in a week or so. The banks seem to be pricing them to sell. If you are looking for a bank property don't hesitate to long. Even the really well priced homes under $250,000 seem to be moving fast.

I am still seeing alot of cash buyers scooping up the $100,000 condos and renting them all day long for $1,000 per month. Great rate of return on your investment if you have alot of cash sitting in the bank.

When looking at the listings on the side and you want to know where the property is located, just click on the address and the map will come up showing you the property location. The selling price and the DOM(days on market) are at the bottom of the mls sheet.

Abacoa had two homes sell and 3 townhomes this week. You'll notice there was a beautiful short sale home in Mallory Creek, a Key West style home sell this week. This is one of the newer floorplans only available in Mallory Creek with the large wrap around porch. It is a very nice open floorplan with 5 bedrooms and nearly 3,500 sq. ft under air.

Mallory Creek is just about built out and they are starting to clear the property for the last phase of Abacoa. Abacoa has so many different communities your sure to find something that may interest you. The Island in Abacoa is quite popular for golfers as many of the homes sit on the golf course and the community is a big circle with very little traffic going through the neighborhood. Also it is a short distance to Downtown at Abacoa and the baseball stadium. Looking for a newer home check out an Abacoa home here in Jupiter.

This week I showed several Admirals Cove homes. If anyone is not familiar with Admirals Cove it is the premier country club lifestyle golf and boating community here in Jupiter.

They have a 2,000 sq. ft Harbour home that is a 2 bedroom plus a den and it comes with a boat dock for a 30ft. boat. There are a few bridges in the community that are 16ft high so you can get a descent size boat in your backyard.

They are setup as a condo where everything is taken care of, all the maintenance, exterior work, lawn care etc. They are pretty much a lock and go. They also have a 1 1/2 car garage for a car and a golf cart. There are some larger 3 bedroom plus den homes that are second floor units that bring a premium above the 2 bedroom homes. Harbour homes start around the $350,000 range and go up from there. They are a great value for someone who wants to live in a golf community and will not be a full time resident.

It is membership club so you have to join the club. Golf memberships have an equity fee to join of $150,000 and a yearly dues. It is a no tipping club. With the membership you have evrything at your fingertips. It is also a very active community with plenty of gatherings, dinners and social events. It is a beautiful Jupiter Golf and Country Club community.

The community has golf, marina, tennis and incredible clubhouse that has everything and more. It is truley a beautiful place to live. Click here to view Admirals Cove Homes on my website. Contact me for more information on Admirals Cove.

Admirals Cove Harbour Home

(DOM) days on market as well as cash sales.

The trend continues again with 35 of 61 homes selling this week sold for cash. Every wek at least 50% are selling for cash.

Days on Market showed

14 - homes under 30 days - big increase this week

12 - homes under 60 days-

6 - homes under 90 days

3- homes under 120 days

10- homes over 365 days

The Estuary - 2 bedroom 2 bath with loft overlooking the par 3 golf course. Single car garage, community pool. Walk to beach. Gated community. Fully furnished for next season. 3 month rental at $3,600 per month. Available off season too.

Water Glades - Beautiful ocean views from this corner unit in Singer Island. Fully furnished and available off season or seasonally. Call for rates.

Top Ten Report

I left my 1o best list alone this week as I had not seen any properties that really caught my attention this week.

I added Beachfront #904 in Juno Beach. SE corner condo on the sand with 1 garage parking space under the building and a separate garage space with its own locking garage door. Condo shows better than photos and is the best looking condo I have seen in Beachfront. Beautifully redone and looking to sell.

Beachcomber ground floor condo, 3 bedroom condo with a carport. Step outside to the community pool and just 150 ft from the ocean. Take a look at this unit.

The Bluffs South ground floor unit at $259,000. No ocean view but steps to the ocean.

Reduced to $234,900 this week.

The Colony is back on the market. Best ocean views in Juno Beach. 1700 sq. ft of living space with glassed 15 x 30 balcony overlooking the best beach in the area.

Jupiter by the Sea - Complete remodel. 7th floor and a great floorplan with ocean views to the east and lake views to the west. Showed this yesterday. Beautifully done. Best ocean condo under $750,000 on the market.

Looking for great Intracoastal and some ocean views? Broadview 4th floor in Tequesta was just lowered to $222,500. It is a 55 + community. Look at the incredible blue waters of the Intracoastal from this unit.

Click the link belowto view each property in my

10 Best Report below.

Jupiter Top Ten Report

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Jupiter Report September 29, 2011

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This week we had 51 homes close, down from 54 last week. This is just a little under our average number of homes that have been selling each week. For September this is a real strong number.

The August Report for Jupiter from the mls is out and basically it shows year to date over 2010 new listings are up 9.1% and solds are up 24.2%. Nearly a 3 to 1 ratio of homes selling faster then new listings coming on the market. I'll let you interpret that. The report is below.

In this week's sold properties you will notice Egret Landing had 4 homes sell. Egret Landing is a great family neighborhood and it is inside the JupiterHigh School boundary.

Take a look at Egret Land homes. Egret Landing has tennis courts, soccer fields, community pool and fitness center. Also has onsite boat storage.

Abacoa had two homes sell and 4 townhomes this week. Abacoa in Jupiter is one of the more popular home communities here in Jupiter. Good schools, great location, close to shopping , golf and the beach. Abacoa has a small Town Center and don't forget spring traing at Roger Dean Stadium. Looking for a newer home check out an Abacoa home here in Jupiter.

I saw a beautiful Bluffs home sell that was remodeled with a pool. Had shown it some time ago and the owner turned down low ball offers of $350,000 and I told him to hold out and he got $390,000 for the home. Bluffs homes start around low $300,000's. Great location and I think the community is a true value.

Looking to buy here in Jupiter? Keep an eye on my websites and start watching the different Jupiter homes or Jupiter condos that come up for sale and see what is selling. Be an educated shopper. Like I said the really great deals are getting multiply offers so you may have to pay asking price or higher depending upon where the home is priced.

Abacoa homes are selling real well with inventory levels outh there dropping and prices are stable out in the Abacoa home market.

Website Update

www.Jupiter1Realty.com is up and running with a new look. It will have all the same functions but a few new updates such as mapping, larger photos and more information including whether an property is still active on the market or contingent( Meaning under contract waiting for inspection or bank approval).

We have a few items to fine tune but it now has a better look and new information. Hope you enjoy it.

(DOM) days on market as well as cash sales.

The trend continues again with 32 of 51 homes selling this week sold for cash. Over 50% selling for cash.

Days on Market showed

8 - homes under 30 days - big increase this week

6 - homes under 60 days-

6 - homes under 90 days

4- homes under 120 days

Water Glades - Beautiful ocean views from this corner unit in Singer Island. Fully furnished and available off season or seasonally. Call for rates.

Top Ten Report

This week I added Beachfront #904 in Juno Beach. SE corner condo on the sand with 1 garage parking space under the building and a separate garage space with its own locking garage door. Condo shows better than photos and is the best looking condo I have seen in Beachfront. Beautifully redone and looking to sell.

Beachcomber ground floor condo, 3 bedroom condo with a carport. Step outside to the community pool and just 150 ft from the ocean. Take a look at this unit.

The Bluffs South ground floor unit at $259,000. No ocean view but steps to the ocean.

Reduced to $234,900 this week.

The Colony is back on the market. Best ocean views in Juno Beach. 1700 sq. ft of living space with glassed 15 x 30 balcony overlooking the best beach in the area.

Click the link belowto view each property in my

10 Best Report below.

Jupiter Top Ten Report

Listings

Price Changes

New Listings

Sold's

Rentals

Back on Market

QUICK LINKS

Buyers

Sellers

Search Listings

Jupiter 1 Realty

Jupiter1 Oceanfront

JimMcLane@att.net

561-744-7025

Jupiter Report September 8, 2011

Thinking of Selling?

Know someone looking to SELL!

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This week we had 66 homes close, up from 47 last week. This was a surprising bump in sales for late summer and shows how strong the Jupiter market is. I continue to get calls looking for bargains out there and I tell everyone our inventory levels are way down and pickings are slim.

Here is a short paragraph from an article in the Palm Beach Post,

"Realtor Claire Sheres of Coldwell Banker in Boca Raton said the Case-Shiller price index doesn't tell the whole story, including how a shrinking housing supply may affect pricing.

The inventory of homes for sale in Palm Beach County was an eight-month supply in June, a 46.5 percent decrease from 2010 and down 62 percent from 2009, according to the Realtors Association of the Palm Beaches.

"As the inventory decreases, sellers are feeling that they don't have to negotiate as much as they did in past years," Sheres said. "Buyers have to meet in the middle."

Do I expect a wild swing of the pendulum to a sellers market? No but I do see the buyers strong foothold on the market slipping away. It doesn't happen overnight but I see a much more even playing field. Like I have been saying finding good properties are getting harder to find. Are the foreclosures really bargains? In my opinion not really as they do need alot of work. The demand for real estate is strong in the Jupiter area, much stronger then Boca the crown jewel of Palm Beach County for years.

Look at the different communities and see how few properties are for sale in most of the communities. Many of the beach communities condos included have just a few properties in each community for sale.

In this weeks sales you will notice 3 - Abacoa townhomes sold, one in 4 days, one in 56 days and one in 54 days. This was from on the market till closing. Back out 30 days or so for due diligence and inspections and we are down to 20 or so days that they were on the market before going under contract. Good news for sellers, not so good for buyers.

Last week I gave some interesting statistics regarding (DOM) days on market as well as cash sales. The trend continues again with 36 of 66 homes sold this week sold for cash. That is above 50% selling for cash.

Days on Market showed

4 homes under 30 days

9 homes under 60 days

2 homes under 90 days

3 homes under 120 days

15 homes over 300+ days

We are seeing inventory that has been sitting for a long time start selling. Lack of new inventory and price reductions.

You have been watching my 10 best lists for quite some time and I hope you are seeing the lower end places on my list almost always selling once I put them on the list. I hope everyone is getting what is happening in the market and when I put them on my list they truley are a good value.

I want everyone to look at the link below. I had shown this property 50 plus times and everyone thought it wasn't cheap enough or need to much work. Well here it is back on the market remodeled and $200,000 higher. I bet it sells and they make a dscent profit on it. Why? There are no updated condos on the market.

View Jupiter by the Sea

Before

After

BACK ON MARKET

Two really great units came back on the market today. They are a must see.

80 Celestial Way

1700 sq. ft direct oceanfront condo

Penthouse unit

Almost private beach in Juno

Balcony is 16 ft deep by 30 ft wide

Best Value in Juno Beach under $450,000

In my Top Ten List this Week

231 Seabreeze Circle

3 Bedromm 2.5 bath townhome

1600 sq. ft.

Walk to beach!

Beautifully remodeled

Bank Approved Short Sale - $215,000 - UNDER Contract

Rentals- Bluffs Ocean South furnished - ocean views seasonal or annual. 2 bedroom 2 bath. Off season short term. $1,800 furnished. Seasonal - $3,800 per month. Reduced to $3,650.

Last ocean rental I have available. RENTED!

Water Glades - Beautiful ocean views from this corner unit in Singer Island. Fully furnished and available off season or seasonally. Call for rates.

Click below to View Trendgrahix

Top Ten Report

My 10 best has one new listings this week.

This week I added Ocean Dunes, The Colony and Jupiter by the Sea to my 10 best list.

Ocean Dunes is a 3 bedroom corner unit, one floor with vaulted ceilings overlooking the lake with a garage. Very clean and updated about 10 years ago. Only condo in the complex for sale.

The Colony is back on the market. Best ocean views in Juno Beach. 1700 sq. ft of living space with glassed 15 x 30 balcony overlooking the best beach in the area.

Jupiter by the Sea - Complete remodel. 7th floor and a great floorplan with ocean views to the east and lake views to the west.

Sea Brook went under contract.

The Jupiter 1 townhome listed at $199,000 went under contract as did the 4th floor Water Glades that was on my list.

Look at the home in North Fork I spoke about. Great home. In my 10 best list this week.

Check out each property below in my 10 Best Report below.

Jupiter Top Ten Report

Jupiter Waterfront Home

Jim's Jupiter Report

561-744-7025

Platinum Producer 2008/2009/2010

Top 1% of the agents - $ 8 Million SOLD 2010

Yacht Club Estates

Deep water - No fixed bridges

Look at that view

Just Listed - $750,000

View This Home

SOLD IN 7 DAYS!

Corinthians

3 Bedroom 2.5 Bath Direct Oceanfront Condo

1,880 Sq. Ft Under Air

2 car garage parking

3rd floor with SE exposure - Best exposure

Best Value for 3 bedroom Condo

$639,000

View Corinthians Condo

Listings

Price Changes

New Listings

Sold's

Rentals

Back on Market

QUICK LINKS

Buyers

Sellers

Search Listings

Jupiter 1 Realty

Jupiter1 Oceanfront

JimMcLane@att.net

561-744-7025

Jupiter Report July 15, 2011

Thinking of Selling?

Know someone looking to SELL!

Call Me!

This week we had 56 homes close, down from 76 last week. We finally slowed down to our average weekly sales numbers. We haven't dipped below the level of our average for the year and it looks as if our average weekly sales this year will be going up.

BEST DEAL UNDER $225,000!

Jupiter 1 townhome. Walk to beach. Great unit and priced at $219,900. Take a look at the link below. Don't miss this one! One of the better beach properties around the $200,000 mark. This townhome was listed for sale 2 years ago at $379,000. Pet lovers - Any size dog allowed here!

Jupiter 1 Townhome for Sale

I always like to tell you how many homes are available in some of the larger communities here in Jupiter. You'll hear me refer to the Bluffs. They sit west of US 1 betwen the Intracoastal and the ocean. There are only 13 homes for sale in this community of nearly 1000 homes. There are two under $325,000 and all the rest are $350,000 plus. Ocean Walk has just 7 homes for sale in a community of 200 homes. They are the lowest numbers I have seen in a long time. Xanadu a community of 65 homes has 6 homes for sale and hasn't had a closed sale in over a year.

What's this tell you? Overpriced homes and nearly 10% of the homes are for sale.

New Listing Information

Take a look at a few new listings this week.

119 Elsa Rd, a great waterfront home with a backyard to die for. Minutes to Jupiter Inlet you'll love this old Florida neighborhood. SOLD IN 7 DAYS!

There aren't many new listings this week that excite me but take a look and see if any interest you.

Remember I continue to tell you how important it is to watch the new listings. Everyone has seen the existing homes for sale in a neighborhood and watch the price changes and eventually get tired of watching them. As soon as a new listing hits the market everyone is out looking at that property. The new listings if priced right will get alot of action and sometimes sell in a record time if they price them correctly.

SOLD Information

If you look at the sold's this week you will notice 42 of 56 properties were sold for cash. That is an amazing number of cash sales for the week. Many of the lower end homes are selling to investors for cash and I'm not seeing many FHA loans out there. The high end properties are all selling for cash these days. I want you to look at the foreclosures as most are selling above the banks asking prices. They are putting them out on the market below the true value and causing feeding frenzies. Don't expect to buy the bank properties below their asking prices. Once in a while you may get lucky, but if it's a descent property it probably will sell above the asking price.

471 Zephyr in Juno Beach a 765 sq. ft home walk to the beach older home just sold for $440,000.

774 Seaview Dr a remodeled townhome sold for $330,000. A beachside community with 2 bedroom 2 .5 bath about 1500 sq. ft.

A very nice unit and great price. 107 Rockingham in ABacoa sold for $320,000. Homes in there are selling well.

3 Condos in the Landmark sold this week. The building has been selling really well lately.

Ritz Carlton Fractional Ownership for Sale: With the home is 5 weeks of use at Jupiter or any of the other Ritz Fractional properties ( Bachelor Gulch, Maui, Aspen, Lake Tahoe, St Thomas) as well as Membership perks at all Ritz Carlton hotels. Asking $199,000. Make me an offer.Contact me for details.

Rentals- Bluffs Ocean South furnished - ocean views seasonal or annual. 2 bedroom 2 bath. Off season short term. $1,800 furnished. Seasonal - $3,800 per month.

Water Glades - Beautiful ocean views from this corner unit in Singer Island. Fully furnished and available off season or seasonally. Call for rates.

Bluffs Marina- 2 bedroom overlooking marina. All new furniture and shows incredible. $3,500 per month minimum 60 days. RENTED

Jupiter 1 Townhome - Available unfurnished for annual rental. 1,700 sq. ft. Walk to beach. Community pool. $ 1,300 per month.

Rented

Abacoa Townhome - 3 Bd 2.5 Ba w/ 2 car garage and patio.

1,800 sq. ft under air. Great schools. $1,900 per month unfurnished annual. - RENTED

Click below to View Trendgrahix

Top Ten Report

My 10 best has some new listings this week.

This week I left my 10 best list alone.

Last week I had the 2004 Mainsail Circle in Sea Colony on my ten best list. Under contract this week!

Rarely comes to market Juno Beach direct oceanfront condo on Celestial Way. Over 1,700 sq. ft and priced at just $450,000.

The best home values along the beach. Look at the three Ocean Walk homes. Private pool, homes are remodeled with many new upgrades. You'll love entertaining in any of theses beach homes. Only 7 homes in this community of 200 homes for sale.

Aquarius on Singer Island at $269,000. This 15th floor SE direct oceanfront unit has brand new hurricane windows and doors. New balconies and building is being painted. The best oceanfront deal on Singer Island.

They just sold a second floor 1 bedroom unit with a sliver of ocean view for $135,000. The above condo is the SE direct ocean corner. The most desirable corner in a condo.

The last two are two Via Del Mar beach homes. Both are 3 bedroom homes. One is a single level with private backyard and the other is a two story updated home. Both show incredibly well.

If you want to walk to the beach these are your homes. $419,900 which just dropped to $380,000 and the other is $399,000. Owners are motivated.

Abacoa townhome in Martinique at $209,000. Shows well and built in 2005.

Charleston Court townhome overlooking golf course. Very rarely come up for sale. Take a look at this Abacoa townhome also.

Check out each property below in my 10 Best Report below.

Jupiter Top Ten Report

______________________________________________________________________________________________________________

Jupiter Real Estatee

_-------------------------------

Jim's Jupiter Report

561-744-7025

Platinum Producer 2008/2009/2010

Top 1% of the agents - $ 8 Million SOLD 2010

Jupiter Key Townhome

4 Bedroom 4 Bath - 3,000 sq. ft 2 car garage

Beautiful ocean views from the 2nd and third floors

Asking $1,250,000

View Jupiter Key Townhome

Jupiter Yacht Club

Original List Price - $895,000

Reduced again to $600,000

2 Bedroom plus a den

Look at the Intracoastal views from your condo.

Enjoy your community pool which sits on the marina and the Intracoastal. Two underground parking spaces.

UNDER CONTRACT!

View Jupiter Yacht Club

Listings

Price Changes

New Listings

Sold's

Rentals

Back on Market

QUICK LINKS

Buyers

Sellers

Search Listings

Jupiter 1 Realty

Jupiter1 Oceanfront

Jupiter Oceanfront Condos Jupiter Abacoa Homes

JimMcLane@att.net

561-744-7025

Jupiter Report June 16, 2011

Thinking of Selling?

Know someone looking to SELL!

Call Me!

This week we had 66 homes close, down from 70 last week. Another good week for sales in the Jupiter area.

It seems to be very consistent with home sales each week.

I attached in this week's report a local market update from the mls data that is compiled from our association. Click on the link below to view.

Jupiter Local Market Update

To summerize from last year to this year new listings were up 9.2% and closed sales were up 8.8%. The real intriging figure is the median sales price is up 9.3% from $215,000 last year to $235,000 this year.

The biggest drop was a 23.6% drop in homes for sale over the past year and the supply of homes for sale is at a 4 year low of 9.7 months. This is down from 14.3 months last year. An even buyer/seller market is 6 months.

Many of you have called about properties and they are already under contract. A good example, we just saw an Estuary in Jupiter Dunes come on the market at $275,000 this week and it was under contract in 8 days. The last Estuary was under contract in 3 days. Inventory is sparse, especially townhomes along the beach area. Even good condo inventory is sparse.

Did everyone look over the oceanfront condo link I sent out last week under $300,000? As you can see there aren't many real good condos in that price range with ocean views.

New Listing Information

Remember I continue to tell you how important it is to watch the new listings. Everyone has seen the old listings and watch the price changes and eventually get tired of watching them. The new listings if priced right will get alot of action and sometimes sell in a record time if they price them correctly.

A few to take a look at today.

19845 N 198th Pl in Loxahatchee River. Large waterfront yard with great pool area.

806 Lincoln Ct in Evergrene - Beautiful house overlooking the lake with a splendid backyard

SOLD Information

You'll notice a beautiful waterfront home sold this week for $2.7 million (Cash). We also saw 3 homes in Jupiter Country Club close. They seem to be selling out there now and it is the more expensive homes selling. Not the smaller homes.

Waterfront homes: You can see the Palm Beach Isles original canal home sold for $765,000 on Singer Island. That is what you can expect to pay for a starter waterfront home here in the Jupiter area.

The average days on Market(DOM) is running 151 this week and 19 properties sold in less then 100 days. Remember from the time it lists till it closes is usually about 60 days minimum.

So 19 of the homes actually went under contract in about 40 days.

Rentals- Bluffs Ocean South furnished - ocean views seasonal or annual. 2 bedroom 2 bath. Off season short term. $1,800 furnished. Seasonal - $3,800 per month.

The Estuary - 2 bedroom 2 bath with loft overlooking the par 3 golf course. Single car garage, community pool. Walk to beach. Gated community. Fully furnished for next season. 3 month rental at $3,600 per month. Available off season too.

Water Glades - Beautiful ocean views from this corner unit in Singer Island. Fully furnished and available off season or seasonally. Call for rates.

Bluffs Marina- 2 bedroom overlooking marina. All new furniture and shows incredible. $3,500 per month minimum 60 days.

Click below to View Trendgrahix

Top Ten Report

My 10 best has some new listings this week.

Two of my 10 best from last week are under contract. Jupiter Yacht Club # 506 and 390 Sweet Bay Circle in New Haven in Abacoa.

The first one I want you to look at is Aquarius on Singer Island at $269,000. This 15th floor SE direct oceanfront unit has brand new hurricane windows and doors. New balconies and building is being painted. The best oceanfront deal on Singer Island.

Bluffs River single family pool home. Incredible pool area with remodeled kitchen and travertine floors throughout. Home has loft area for extra bedroom or office. Just reduced to $399,900.

The only reason it hasn't sold is the agent has the subdivision listed incorrectly.

The last two are two Via Del Mar beach homes. Both are 3 bedroom homes. One is a single level with private backyard and the other is a two story updated home. Both show incredibly well.

If you want to walk to the beach these are your homes. $419,900 which just dropped to $380,000 and the other is $399,000. Owners are motivated.

Last but not least but the Jupiter key oceanfront townhome in the gated oceanfront community of Jupiter Key.

Reduced again from $625,000 to $600,000.

Jupiter Yacht Club Pointe building #506 is still available. It is well priced and has incredible views. Watch the boats go by on the Intracoastal. A great value, was originally listed at $895,000. Buy it for almost what it sold for new in 2002 decorator ready. UNDER CONTRACT!

Check out each property below in my 10 Best Report below.

Jupiter Top Ten Report

Jupiter Homes Jupiter Waterfront Homes

Jim's Jupiter Report

561-744-7025

Platinum Producer 2008/2009/2010

Top 1% of the agents - $ 8 Million SOLD 2010

Jupiter Key Townhome

4 Bedroom 4 Bath - 3,000 sq. ft 2 car garage

Beautiful ocean views from the 2nd and third floors

Asking $1,250,000

View Jupiter Key Townhome

Jupiter Yacht Club

Original List Price - $895,000

Reduced again to $625,000

2 Bedroom plus a den

Look at the Intracoastal views from your condo.

Enjoy your community pool which sits on the marina and the Intracoastal. Two underground parking spaces.

View Jupiter Yacht Club

Listings

Price Changes

New Listings

Sold's

Rentals

Back on Market

QUICK LINKS

Buyers

Sellers

Search Listings

Jupiter 1 Realty

Jupiter1 Oceanfront