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May 2012

Found 3 blog entries for May 2012.

This week we saw Jupiter home sales  fall from 75 to 57. Down from the huge sales week before but season is over and we expect to see a slowing in sales. The under $200,000 market for condos and townhomes is still on fire. In fact I checked the other day for 3 bedroom townhomes under $200,000 and found just 11 townhomes and 17 condos in Jupiter, Juno, Tequesta and Palm Beach Gardens. The single family home market is almost impossible to find anything under $300,000. Above $600,000 to 1 million  the market is definitley much slower. Getting above a million I see that market picking up a bit as prices are falling in that segment. The so called entry level markets are just scarce for inventory.



We continue to see more good news articles from the

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This week we saw Jupiter home sales  rise from 54 to 75. Another strong week for Jupiter home sales.  




Remember I was predicting lower inventory levels and stronger buyer demand. It took a bit longer to get there then I really expected but I have been saying to buyers that the boat was missed on the very best deals. I also was telling everyone about reading it in the paper. Well if your reading it in the paper, it is old news and the newspaper is publishing what I gave you last week and what I have been saying for 6 months or so. I'm sailing off on the ship and waving goodbye to the best deals.  




I have been showing you how fast many homes are going under contract each week. 30-50% of the homes going under contract have

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Good news for Jupiter real estate. Inventory levels are down 38% from just a year ago. Last year here in Jupiter we had 13 month supply of homes for sale and now we are down to just a six-month supply. The median home price is up $10,000 to $200,000 from last year. Days on market are down, pending sales are up. This is all great news real estate market here in Palm Beach County. Abacoa in Jupiter is still showing strong sales results with inventory levels at a five-year low. More good news for Jupiter, coastal living had a recent article on beachfront living in Jupiter was named one of the top 10 coastal cities. With the decreasing inventory we are seeing upward pressure on home prices. New communities such as Rialto, Abacoa in Jupiter country club are

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