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December 2014

Found 5 blog entries for December 2014.

Buying a Jupiter home or condo

Starting a search for a Jupiter home or condo may seem like a simple task but it may be more challenging than you thought. Sounds crazy I know but once you make your Jupiter home wish list and put a budget number to that list you may be surprised but the few choices you have. Today if I thought about moving I would be hard pressed to put my house on the market in search of a replacement home. I see hundreds of new homes come up for sale and very few properties really catch my eye. I would be hard pressed to sell and find a replacement without spending hundreds of thousands more to upgrade my home.

Jupiter homes for sale

Abacoa in Jupiter is one of the largest developments here in Jupiter. With over 8

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Jupiter Real Estate Report for 2105

Yesterday we had our annual office party at Admirals Cove in Jupiter, the premier Jupiter Country Club Community. It is a great time to see what other agents are saying about the real estate market. We all work and specialize in different areas and property types as well as different types of buyers. The biggest challenge was finding good properties to sell that are priced reasonably. No one wants an overpriced listing or a listing that does not show well unless of course they have no business and can justify taking the listing. Finding a clean, updated property is difficult. Many properties seem to be in need of major renovation work.
 
Lack of inventory continues to be the biggest concern for the agents this year.

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What's happening in the Jupiter Real Estate Market

The sub $300,000 Jupiter real estate market continues to see homes selling very close to their asking list prices. Most of the homes are selling at 97% or higher of asking price and about $200 per sq. ft at the low end. We did see a big jump in lower priced homes selling this week. 35% of the homes selling were priced under $300,000. The sub $300,000 market is by far the strongest market here in Jupiter and the surrounding areas. Entry level condos are nearly all above $200,000 and most homes under $300,000 are selling rather quickly. The days on market (DOM) are short and many are buyers are cash.
Again the weakest market continues to be the $600,000 to million dollar market with just 7 homes selling

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Jupiter Real Estate Market

Home sales continue to remain strong for the last week of November with 54 Jupiter homes closing. I want everyone to pay attention to the listing price and the selling prices. See how close many homes are selling to their asking prices. Many Jupiter homes are selling at just a few points off list price and on average most selling for 95 -97% of their list price.

 

I also noticed quite a few bank properties (REO) selling this week as we get close to the year end. I would say about 75% sold above asking price and 25% below asking price. With bank properties there are many factors involved. Sometimes the buyer pays a 5% premium above the sales price on certain bank owned properties. We are seeing more bank properties selling

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Jupiter Holiday Activities

The annual Holiday Boat Parade is this Saturday in Jupiter and Palm Beach Gardens. The parade beginns South of PGA Blvd and heads North to the Jupiter Inlet area near the waterfront restaurants of U Tiki and Jetty's. Unless you own a Jupiter waterfront condo on the Intracoastal you may want to get to some of the local waterfront restaurants to view the annual event. The Jupiter Yacht Club and the Jupiter Riverwalk are great places to view the boat parade. The condos in the Jupiter Yacht Club will give you a view all along the Intracoastal as you watch this event. Each year the event gets larger and larger with more boats and more people watching this event. I remember my very first Jupiter boat parade back in 1997 and there

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