Jupiter Homes for Sale

Jupiter Home Report 7/6/2013

Welcome to our Newsletter

Jupiter home sales continue to stay strong all through June with 80 homes closing this week. Last week we had 76 and this week we saw 80. The new listings coming to market are continually being priced higher. Is there an end in site? I'm hoping to see a leveling off of homes prices here soon. There is just really nothing for sale here in the area. If you see something spectacular don't wait to see it and make an offer, otherwise someone else will be owning it. As far as sub $200,000, there is very little out there. The best deal I saw close this week was Oceanside Terrace listed at $142,500 and selling at $149,900. This was a bank owned property. Notice the asking and selling prices. Many bank owned properties will sell above asking price. Besides having multiply offers on bank owned properties more than 50% of the time they sell for above asking price. Remember this when making offers on bank owned properties.

I spoke about investors buying up most properties last year and sure enough I did some research on condos in San Matera in Palm Beach Gardens. It was a rental community that was turned into condos during the boom. Well 1 bedroom condos sold in the boom in the mid $250,000's or higher and last year they were down about $65,000 -$75,000 and now they are asking $139,000 and higher. Many of those investors doubled their money in the last year or two. The question is are they still a good value at $139,000 even though they are up from last years $65,000? At $65,000 you could not rebuild/replace the condos and many condos were selling below replacement cost. Now they are running about $150 per sq. ft which seems to be getting a bit on the high side. New construction condos are nearly $200 per sq. ft without any water views. Is there much room for these to continue upwards. Yes, due to limited land to build on and increased demand. It is the only place you can buy in that price range. How far, I say maybe we will see $150,000 in the next year or so. After that I'm going to think they will stay flat for some time. We are seeing these price rises in a bad economy so what if the economy finally does take a huge turn. It's water under the bridge. Now we look and see what is for sale out there now.

Start a search today for Jupiter waterfront homes online.

Has anyone noticed the new changes to www.Jupiter1oceanfront.com?

If you haven't noticed I am slowly adding recent sales to the individual communities. Take a look at Jupiter Beach condos, scroll down and you will see the sales for the past year. Click on the individual property and it will bring up the full mls sheet with photos and descriptions. Don't forget use the Bird's eye view and street maps also. There is a wealth of information there at your fingertips.

I hope you are using the solds information. I'm continuing to refine it as problems arise. Sometimes it takes quite some time to return the results due to the sheer number of listings it has to sort through. We have one of the largest MLS systems in terms of listings in the country. Be patient if it takes a few seconds to load.

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Jupiter Top 10 Homes 4-24-13

My 10 Best list has a new listing this week. Several more homes went under contract this week from my Top Ten List. If you see a good deal don't hesitate. Will have to watch closely for some new additions to my 10 best Jupiter homes next week.

Just Reduced Direct Oceanfront Townhome in Juno Beach 170 Celestial Way, corner unit, Similar unit just sold for $860,000. Direct Oceanfront Townhome!Cote De La Mer Reduced to $925,000

Jupiter Cove- 2bd/2Ba complete remodel sits on the Intracoastal with South exposure. Beautifully redone with the best of everything. Watch the boats go by on the crystal blue waters.$395,000 Take a look at this condo!

Jupiter Hills Courtyard home overlooking 14th hole & water view. Soaring ceilings. Great views and one of the top golf clubs in the area. $495,000

Ocean Parks - Complete remodel. Best condo I have seen in there in a long time. 1,500 sq. ft with carport. Close to beaches and shopping. Just $259,000

Beachfront Singer Island Condo- Decorator ready, never lived in oceanfront condo with ocean and Intracoastal views. Ready for a new owner. Beautiful building. Just reduced to $775,000.

Sea Colony home- Walk to beach, 2,000 sq. ft with two car garage. Attached home in gated beach community. Just listed $400,000. Great price! Back on Market! Best value Single Family Beach Home!

418 River Edge Rd in the Bluffs- Remodeled pool home with many new upgrades. Take a look! Reduced to $440,000 UNDER CONTRACT!

Jupiter Ocean Grande Penthouse: Incredible ocean views. 2bd2.5 Ba with two garage spaces and dog friendly any size.Great for big dog owners. Reduced to $949,000

900 Ocean Dr - Surf - Sits on the sand with garage parking. Incredible ocean views. 2Bd/2 ba - Reduced to $385,000

1000 N US Highway 1 #818 - Jupiter Harbour. 3,000 sq. ft townhome corner with incredible Intracoastal views. Boat slips available for sale or rent. Just reduced to $799.000 UNDER CONTRACT!

107 Albacore- Ocean Walk Just reduced to $799,000. Walk to beach . Complete remodel. UNDER CONTRACT!

Brigadoon - NW corner ocean condo with great views. 1,700 sq. ft. Garage parking. Impact windows and sliders. Great potential. $449,000

SE Brigadoon corner direct ocean just came up for sale at $575,000.

15906 Westerly Terrace - Jonathans Landing 3Bd2.5 ba with 10 ft ceilings on corner lot. Priced to sell at $445,000 Reduced to $429,000

800 Ocean Dr #502 - Waterfront 3Bd/ 2.5 Ba with East & West balconies. Direct ocean views, sits on the sand. Best value for on the sand. Asking $825,000 Just Reduced to $779,000 UNDER CONTRACT! Last condo left in building.

112 Olympus Way - Complete remodel in beach community. Make an offer on this home. Reduced to $925,000. Back on market!UNDER CONTRACT!

Jupiter Yacht Club Penthouse - Incredible Intracoastal views. Just reduced $50,000 to $1,045,000. Take a look. Least expensive condo in complex. UNDER CONTRACT!

Call me to show you the best Jupiter homes for sale.

March 21, 2013

This week we saw Jupiter home sales rise just a bit from 50 home sales last week to 52 home sales this week in the Jupiter area. Sales remain steady and inventory levels continue to fall. There are many new homes coming on the market but about the same are selling thereby keeping inventory levels down. This weeks sales shows some interesting trends. The Seaview townhome in Juno Beach sold for $360,000 this week. Go back to mid 2011 and we had two sell for under $250,000 and the first sale of 2012 was $284,000 and they have continued to climb to $360,000 where the last two sales were. A Rialto home sold for $542,5000 and was 2,800 sq. ft under air. New homes under 3,000 sq. ft are pushing $200 per sq. ft. and even higher for smaller homes. A Bluffs home sold for $405,000, which was all original and a kitchen remodel that was done 5-8 years ago. The Bluffs homes continue to climb and many that are in nice shape are pushing $440,000 and up. In fact I'm seeing the Bluffs homes that sit on US 1 starting to sell because there just aren't enough homes for sale. The LaMar on Jupiter Island which was on my 10 best list closed in 10 days for $180,000 cash. This was a great deal.

March brings a huge influx of St. Louis Cardinal fans to Jupiter for spring training. I attended a game last week at Roger Dean Stadium in Abacoa. The Cardinals were playing the Mets and It seemed like we had more Cardinal fans than Met fans in the stadium. Maybe because the faithful Cardinal fans are all wearing red Jersey's. If you haven't been to a game it a great day, especially for the kids.

This weekend we have the Palm Beach Boat show down along Flager in West Palm Beach. This always brings in a large crowd from out of town as well as many locals. The show has continued to grow throughout the years and I enjoy it better than the Ft. Lauderdale Boat show. Less crowded but still a great selection of boats and Clematis is a fun place after dark if you want to stay after the show. Go enjoy dinner and visit a few local clubs.

Buyers it is important to get signed up to receive new listings as they come to market. Not only do you have to do some research by looking on-line, use any of my websites for your daily searches. It will save your searches and email you new listings as they come to market. Don't be afraid to call or contact me for questions about specific Jupiter beach condos or homes or if you aren't seeing exactly what you want.

Last weekend we had the Juno Beach open house weekend and I had nearly 50 couples come in to visit me at the open house. I was very excited about the turnout I saw on Sunday. It just shows there are plenty of buyers out there looking for homes. What I did notice besides the snowbirds was a fair share of homeowners who lived down South and were looking to move up to Jupiter. Everyone seemed to love Juno Beach, many commented on how nice the beaches were out in front of the ocean condos. Juno Beaches are public but there is very limited public parking so you almost have you very own private beach. Juno Beach was voted the Best Beach in Palm Beach County this year!

Palm Beach County Home Prices Up 27% from a year ago

Another great article in the Palm Beach Post for those buyers who are looking for the deals their friends got last year.

But for lower-priced homes, it’s a sellers market. Buyers are frustrated by a shortage of properties under $250,000, Rill said.

The biggest reason for the dramatic jump was lower end homes skewed the averages. Lower priced homes have dried up and risen at least 27% above last year or higher. The average home prices in the US are $173,600 while the average home here in Palm Beach County is $235,000. That's $62,000 above the national average. It's a good article and continues to say what I have been saying. The playing field has leveled and in many cases tilted towards the sellers.

In this months Money magazine there was a great article on home buying and what they have seen in the real estate market and what they expect. They seem to see a pent up demand for new homes and many more buyers are trying to take advantage of low interest rates and the lowered prices even though the prices aren't as low as last year. Pickup a copy.

Jupiter Home Report July 19, 2012

Welcome to our Newsletter

This week we saw home sales in Jupiter drop to 57 homes from 73 last week. This can be expected as summer continues and we should see a few weeks more of home sales in the 50-60 range as school is starting in about a month. Anyone looking to move here for school should be closing in the next several weeks. Rentals remain strong for single family homes as buyers may not be finding the exact home so they have decided to rent until they find that perfect home. The average single family 3-4 bedroom home is bring $3,000 per month plus or minus maybe 10% and there just aren't many available.

This week I spent looking at homes in communities such as Evergrene, Paseos, Egret Landing and Abacoa. We were looking for a pool home and I was surprised how few there really were available. Evergrene is a wonderful gated community in Palm Beach Gardens with homes ranging from 1,550 sq. ft to over 4,000. Most are two story homes with a few one level models available. The attraction of Evergrene is the incredible clubhouse and pool area. By far one of the best you will find in the Jupiter area. There are just 22 homes for sale in Evergrene and home prices have risen about 10% since last year. The homes that are available range in price from $200,000 to the high $500,000 right now. There are no larger homes on the market right now. $500,000 will get you about 3,000 sq. ft under air. The clubhouse has a fitness center, aerobics room, kid's room, banquet hall and a few other specialty rooms. The pool is fabulous and one of the largest pools you will find in the area. They also have two spas, a Tiki bar and a kid's water park area. This is a must see for families and snowbirds. It is as close to Resort style living you will find in a non member club.

View Evergrene homes for sale.

I did see a few nice homes out there, one in Egret Landing, a few nice Abacoa homes, one on the large lots in Martinique which actually give you a true back yard and one in Paseos. Not really that many choices out there.

You hear me mention the Bluffs homes in Jupiter throughout the year and we are seeing just 6 homes for sale in this community of over 900 homes. Three of the six sit on the two least desirable streets in the community which abut US 1. I have always said this is the best value for beach area homes in Jupiter. They are well built and we are seeing prices push upwards of near $400,000 for original condition homes in here. With the low inventory levels we should see prices continue to trend upward.

I want to talk about home inspections and wind mitigation reports which are terms you will run across when buying a home. Everyone has heard of the home inspection but what is a wind mitigation report? With the ever increasing building code requirements and insurance companies trying to protect themselves against hurricane damage we have what is called a wind mitigation report. Even if you are buying a condo the association will have a wind mitigation report that you will need to get interior content/liability insurance for your condo. The wind mitigation report is a 4 page document which addresses several items of building construction.

Probably the biggest discount/credits you will receive will come from a new roof. Newer roofs have stricter codes for attaching the plywood to the trusses. Even on older homes this will be a big help in getting a discount on insurance. The other item they look at is a hip roof or a gabled end roof. The hip roof is the roof of choice for the best rates. You can have a certain percentage of gabled ends on a hip roof for maximum wind credits. Other items they look at is shutter protection over you windows and /or impact glass and lastly is a Miami Dade garage door. When looking at two story homes either accordion shutters or impact glass is preferred as you won't want to get on a ladder and install hurricane panels 16ft in the air. They also look at other items such as strapping of trusses to the structure, CBS or frame construction. Homes built after 2005 will meet the strictest codes to date. Wind credits can reduce your insurance premiums by 40 to 50%. Still expect a $3,000 insurance bill for a $300,000 house. If you have any questions about the wind mitigation report feel free to call me.

Buyers who are looking to purchase need to get signed up to receive new listings as they come to market. Not only do you have to do some research by looking on-line, use any of my websites for your daily searches. It will save your searches and email you new listings as they come to market. Don't be afraid to call or contact me for questions about specific communities or if you are seeing exactly what you want.

Jupiter Top 10 Homes

My 10 Best list continues to shrink with the Ritz Carlton short sale go under contract. I added a 5th floor Beachfront in Juno Beach which has wonderful ocean views and is listed at $799,000.

114 Turtle Creek Dr - Complete remodel with the best of everything on golf course. Impact windows, new baths, kitchen and owner is a contractor so it was done right. Over the top! UNDER CONTRACT!

2202 Carib Circle - Waterfront home in Palm Beach Gardens. 100 ft of waterfront. Home has been updated with over 3,000 sq. ft of living space.

6930 Cypress Cove Circle - Rutenberg 3bd/2.5 bath overlooking lake with pool. Soaring 11 ft ceilings throughout most of house including master bedroom. Mature oak trees line the streets. Home is spotless and the lake view is spectacular.

414 Red Hawk Dr- Short sale in Ritz Carlton Golf Club. Take a look at this beautiful home. A must see for the avid golfer. $1,375,000 UNDER CONTRACT!

900 Ocean Dr # 302 -The Surf in Juno Beach. One of my favorite old Florida style oceanfront condos. Juno Beach is incredible. Last Surf condo for sale. My choice as I love the lower floors.

Jupiter Top Ten Report

Email me your search criteria and I will be happy to send you new listings as they come to market so that you see the best deals out there. Don't miss that deal!

Jupiter Condos Jupiter Abacoa Homes Jupiter Homes Jupiter Waterfront Homes

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This week we saw home sales rise from 68 to 73 this week here in Jupiter. You may notice we had several luxury oceanfront condos at the Ritz Carlton go under contract. In fact, 3 sales at the Ritz Carlton this week. One condo at $3 + million and two condos at $2 + million. We saw several waterfront homes sell this week also. I also noticed two wood frame homes in the Shores sell this week at $260,000 and $270,000. 6 months ago CBS block homes were selling for just a few dollars more. Low inventory levels are pushing prices higher and people are settling for wood frame instead of CBS homes.

Sales in the Jupiter area continue to be strong. In fact below I have three articles from Zillow, Wall Street Journal and Property wire commenting on the present real estate market.

There are three little words South Floridians have longed to hear since the housing slide began: "We've hit bottom."

Analysts at the online real estate database Zillow are declaring just that for Palm Beach, Broward and Miami-Dade counties in a report to be released today that shows tri-county home prices bottomed out in the latter part of 2011.

Click to read full article

For the fourth consecutive month, Miami home prices posted strong gains in March with the median sales price of condominiums surging 46% compared to a year earlier, according to the latest figures from the Miami Association of Realtors.

Click link below to read full article

http://www.propertywire.com/news/north-america/miami-florida-property-prices-201204206442.html

Juno Beach vs Singer Island Condos

As you can see I have two nearly identical condos listed today in my Jupiter Report. One is located in Juno Beach and the other in Singer Island. Both condos are remodeled but the Singer Island condo is done nicer and has impact windows which add about $40,000 to the remodel cost.

Singer Island condo is also a corner unit with Intracoastal and ocean views. The Juno Beach condo does come with garage parking vs Singer Island having just a carport. You can see the difference in prices that Juno Beach can command over Singer Island.

Jupiter Yacht Club Rental
5th floor furnished condo. 3 bedroom 2,500 sq. ft with Intracoastal views. Built in 2006. Fitness center, club room, underground parking. Restaurants on-site. Available off season. Thinking of moving to Jupiter. Call me for more information. Great place to rent while you are looking for a home. Asking $3,500 per month for off season rental with everything you need. Call for photos.

Oceancrest Condo Rental
5t floor overlooking Jupiter Ocean & Racquet. Unfurnished annual rental available July 1st.Walk out to pool area. Fitness center, covered parking and a beautiful beach just across the street. $1,500 per month.

If you are serious and you are receiving new listings from me each week you really need to pay attention to the listings. 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. Most of you who know me, I don't sugar coat it to sell you a property. 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 looked at quite a few new homes this week and there was nothing I saw that was worth putting on my top ten list. I saw alot of Junk! I did show 264 San Remo which I put on my 10 best list last week. Very nice home, well appointed, great back yard and pool area. Very nice Abacoa home.

264 San Remo Dr. Abacoa

3,500 sq. ft 5 bedroom pool home backing to preserve.

Custom gourmet kitchen, saturnia marble floors. Not your standard Abacoa home. This is a short sale and is a great opportunity to own in Abacoa. 440 Old Towne Lane- 4 bedroom pool home with ground floor master. Beautifully finished with impact windows and saturnia marble floors. Great beach home with lots of privacy.

4000 N Ocean #LPH - 2,000 sq. ft Singer Island condo in the Martinique with lots of windows. Great views of ocean and city. Most desirable southern exposure. Reduced to $739,00 On-site restaurant.

4000 N Ocean # 404 - 2,000 sq. ft SW corner unit in Martinique. This condo has southern exposure with the best beach/ocean view from your master bedroom. Just reduced to $499,000. On- site restaurant

150 Seabreeze- Remodeled 2bed/ 2.5 bath townhome with fenced patio. Walk to beach. Reduced to $209,000

911 Ocean Dr # 705 - Just across the street from the best Juno Beaches you will find. Fully furnished and beautiful shape. Enjoy ocean views and walk across the street to Juno Beach. Condo fees only $960 per Qtr. Owner says Sell! $279,9000 Reduced to $264,900

300 N A1A - #209B - Beautifully remodeled. Opened the kitchen, park view, walk to shopping and the beach. Just $219,000. Reduced to $199,000

900 Ocean Dr # 606 - Least expensive direct oceanfront condo on Juno Beach. 2 bd/ 2 ba. Large pool deck overlooks beach and ocean. Check out Juno Beach, they have some of the best beaches around. $400,000 -Reduced to $380,000 UNDER CONTRACT!

Remodeled condo available for $499,000

Jupiter Ocean Grande #707 - Just Reduced $15,000 today! Now $875,000.
Best view in the complex and the best condo/view under 1 million. Real wood floors. Plantation shutters.

Owner says Sell!

Ocean Royale. A 4th floor condo in the front building with beautiful ocean and beach views. 3 bedrooms and all the amenities. Just the right height and not to high. Don't miss this condo. Reduced to $ 950,000. Reduced to $925,000

Click the link below to view each property in my
10 Best Report below.

Jupiter Top Ten Report

Email me to set up your new search criteria so that you get new listings emailed to you each week. Be the first to look at new homes on the market and get the best deals out there.

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

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Jupiter Report March 17, 2012

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Know someone looking to SELL!

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This week we saw home sales fall for the first week of the season from 76 to 37. I believe this is attributed to buyers coming down with high expectations and are seeing limited choices of properties. Many are looking for updated homes and condos, especially along the beach and they just aren't out there. I personally am seeing this with many buyers. When I spend time with buyers I use to be able to show properties all day to just one buyer. Now I am lucky to have enough properties to spend three hours with them. I am starting to see places that have been on the market for a long time selling and the prices haven't gone down but the choices are diminishing. Prices are slowly inching up which is good for sellers. I am still seeing and hearing about many low ball offers on really nice properties and there just aren't many really nice homes for sale so sellers are holding firm on their prices. Abacoa demand remains strong as two sales this week sold well above recent sales. One townhome on the golf course sold for $234,000 which is $20,000 above the last sale. A Sandpiper 3 story townhome sold for $198,000. Last year you could buy these in the $170,000 range. 2543 La Cristal in Crystal Pointe was listed at $208,000. Sold for $213,000. Huh? Yes you are reading that right.

We also saw the new home featured in Xanadu above as a great value. After featuring this home I saw a home down the street in the neighborhood which was in original condition, about the same size, just sell for $550,000. This makes the newly listed Xanadu home at $614,500 a true value. Everything is updated, three homes to the beach. Overlooks Carlin Park and is ready to move into.

Cash sales again accounted for 50% plus of the homes that sold in Jupiter. Season is busier than I have ever seen in Jupiter with restaurants having several hours wait. This is almost unheard of just a few years back. People are driving from many other towns to visit and dine at some of the Jupiter restaurants. Last night I went to Guana Bana's and many of you know and have eaten there. The hostess told me 2 1/2 hours for a table. More and more people are gravatating to Jupiter causing demand for homes to rise. I never imagined Jupiter would become so popular but everyone who visits raves about the beautiful area we live in.

Here is a question I seem to be asked quite often. Do the condo fees include your taxes in the monthly fee? The answer is no, your taxes are separate from your condo fees. Your condo fees cover in most cases building insurance, basic cable, water, sewer, lawn maintenance and property management. Today I read in the newspaper that the average homeowners insurance is $2,400 per year in Palm Beach County. Is this a $200,000 home or a $ million dollar home. They did not say. Depending upon wind credits you can expect a home valued at $350,000 to be about $3,500 per year for wind and property insurance.

Many times you will see $500 per month for your condo fees. In the case above nearly $300 per month is your insurance. Below you will see what your costs were if you owned a home versus a condo.

$500 monthly condo fee

- $300 insurance

- $50 basic cable

- $50 water bill

- $100 lawn maintenance

At the end of the day, by the time you pay all the individual items as a homeowner you can see both costs would be comparable. Yes, I'm sure the condo gets a break on it's insurance as the whole complex is covered but you are still looking at nearly the same monthly costs. So when you see $500 per month condo fee, it's really not that high compared to you are paying as individual costs. Some of the higher end places have full time maintenance staff, property managers, security guards, pools, fitness centers. This all adds up at the end of the day.

I also have spent quite a bit of time on the Palm Beach County Property Appraisers website. http://www.pbcgov.com/papa/index.htm

One it is a great site to find out sales information on properties you may be looking at and it gives you tax information as well as sales history. What I did notice while doing some comps for some communities, is that many of the communities assessed values rose in 2011 from 2010. This is the first rise in property values since 2006. Go ahead go out and look at some of the Jupiter neighborhoods you are interested in purchasing and see if your neighborhood is one with rising values. The site also explains homesteading a property and portability for local residents as well as offers you a tax calculator for purchasing a new property.

You will also notice ad-valorem and non- ad-valorem taxes on the tax bill. Some communities will have large non -ad-valorem taxes which is in newer communities such as Abacoa which is paying for the infrastructure over a 20 or 30 year bond.

26 of the 37 sales this week were cash sales. Again above our 50% average we see.

Contingent

In this weeks contingents, the trends rise this week with 17 properties of the 43 going under contract in 30 days or less. That is 40% of the new homes selling in less than 30 days. That is a record pace. We also saw 5 homes taht went under contract that had been on the market for over a year. The Beachcomber I-4 which I have touted on my 10 Best list went under contract this week. Another property that I liked in Ocean Royale (1203)went under contract this week. The best ones are being bought. It isn't price but value.

Jupiter Yacht Club Rental

5th floor furnished condo. 3 bedroom 2,500 sq. ft with Intracoastal views. Built in 2006. Fitness center, club room, underground parking. Restaurants on-site. Available off season. Thinking of moving to Jupiter. Call me for more information. Great place to rent while you are looking for a home. Asking $3,500 per month for off season rental with everything you need. Call for photos.

Oceancrest Condo Rental

1st floor oceanfront condo. Fully furnished and remodeled with the best of everything. Available on annual basis for $2,000 per month. Bright south facing condo. Walk out to pool area. Fitness center, covered parking and a beautiful beach just across the street. Call me for details.

Top Ten Report

I left my 10 best list this week. This week I added some beautiful beach homes both in Juno Beach and Jupiter. All were remodeled and showed well. None of my homes from this weeks top ten went under contract. We did see Beachcomber which was on my list sell. Nothing really caught my eye this week while out showing homes.

1300 S A1A - 102 Oceancrest - 3 bedroom ground floor oceanfront condo for $260,000. Needs updating but just across from the beach and 1,800 sq. ft.

900 Ocean Dr # 606 - Least expensive direct oceanfront condo on Juno Beach. 2 bd/ 2 ba. Large pool deck overlooks beach and ocean. Check out Juno Beach, they have some of the best beaches around. $400,000 Remodeled condo available for $499,000

450 Surfside Lane - 4 bedroom across from the beach. Just remodeled with all new kitchens and baths, south exposure. Pool. Great beach house. $ 799,000 UNDER CONTRACT!

440 Old Towne Lane - 4 bedroom, 3,200 sq. ft built in 2003. Short walk to beach. Impact windows, private pool area with sundeck above, Saturnia floors. One of the nicest homes I have shown in some time. $1,100,000 UNDER CONTRACT! Fell Through! Reduced to $995,000. Owner says sell.

112 Olympus Way - Olympus Jupiter's # beach community. Completely remodeled one story home on large lot overlooking preserve area. Impact windows, walk to beach. A favorite. $899,999. Available! One of my Best Buys.

127 Sandpiper Circle- Ocean Walk - Wonderful beach house with private pool area and wonderful pool with travertine pool deck. Impact windows. All remodeled with Saturnia tile floors. Shows beautiful. Walk to beach. $710,000

2201 Marina Isle Way #404 - Bluffs Direct Intracoastal view and completely remodeled last year with hurricane sliders, new baths and kitchen. Even the laundry room has kitchen grade cabinets. The best I have seen in a long time and sits right on the Intracoastal.

5550 Ocean Drive - Water Glades 6A Corner unit with ocean views and views of MacArthur Park to the North. Lots of glass. One of my favorite Singer Island condos in that price range. $425,000

Jupiter Ocean Grande #707 - Just Reduced $25,000 last week! Reducing another $25,000 Tomorrow to $899,000.

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. $429,000

I also added one of my favorite buildings Ocean Royale. A 4th floor condo in the front building with beautiful ocean and beach views. 3 bedrooms and all the amenities. Just the right height and not to high. Don't miss this condo. Reduced to $ 950,000.

Click the link below to view each property in my

10 Best Report below.

Jupiter Top Ten Report

Email me to set up your new search criteria so that you get new listings emailed to you each week. Be the first to look at new homes on the market and get the best deals out there.

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

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.

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Xanadu by the Sea

Bank Owned

3 homes from the ocean

Complete Remodel .

Everything from floor to ceiling has be done.

Whole house was just resided with Hardiboard..

$614,500

View Xanadu Home

Best Priced Home in Xanadu!

Brigadoon

Direct oceanfront SE corner

2100 sq. ft 2 bed plus den (can be bedroom 3)

Rarely come available.

Beautiful Juno Beach

View Brigadoon Condo

Jupiter Report March 7, 2012

Thinking of Selling?

Know someone looking to SELL!

Call Me!

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This week we saw home sales rise from 51 to 76 for the week. Season is kicking in and I am seeing sales going up and a strong buyer presence. I'm also starting to see some more expensive homes go under contract. You will see several homes from my 10 best list here in Jupiter go under contract this week. Sales are up 50% above last week.

I want you to take notice of the selling price versus the asking price. They are getting closer and closer together. You aren't seeing homes selling at a drastic reduction from the asking price. Sellers have lowered their prices inline with what buyers are expecting to pay. Buyers are also seeing homes selling faster so they are more inclined to come up on their offers. It is definitely a more equal market than we have seen in the past. I still have buyers asking for foreclosures and looking to steal properties but most are now realizing the best deals are gone and you will fight over the great deals that do come along. Another thing I am seeing is some sellers are getting off the fence now and putting their properties on the market, but they aren't giving them away. They are sellers but not motivated sellers.

People forget the pent up demand for the last 5 plus years is starting to catch up. Builders have not been building and they are starting again. Windsor Park in Abacoa , the last Abacoa parcel is being built out now and I would say the development will be sold out in the next two years. 2009 buyers were very skittish about buying due to the fear of a declining market. In 2010 that fear subsided a bit and 2011 many people are thinking it is very close to the bottom. 2012 buyers are starting to feel the market has hit bottom and will start rising. They are still many skeptics out there but each passing day I feel more and more are thinking the market has turned. I think once the election is over there will be a strong demand for properties and more buyers will be out looking and pulling the trigger on new homes. What I see and am hearing is buyers are looking but they aren't finding what they want or expect.

As you seem to know from many of my reports I am a numbers guy and I look at various different ways and trends in the market. This week I had a customer wanting to bid on a bank property at 10% below the asking price so I went back to the mls and pulled up the last 12 sales from this agent who does foreclosures. This is what I found, 6 of the properties sold above the asking price by several thousand dollars and 6 sold below at a few thousand dollars. I found it quite interesting because I tell buyers the banks are putting the properties on the market below market value and coming back to every buyer and telling them we have multiply offers and to rebid your best number. Well you may overpay for the home or you may underpay and lose the home by dollars. You will never know.

I also have spent quite a bit of time on the Palm Beach County Property Appraisers website. http://www.pbcgov.com/papa/index.htm

One it is a great site to find out sales information on properties you may be looking at and it gives you tax information as well as sales history. What I did notice while doing some comps for some communities, is that many of the communities assessed values rose in 2011 from 2010. This is the first rise in property values since 2006. Go ahead go out and look at some of the neighborhoods you are interested in purchasing and see if your neighborhood is one with rising values. The site also explains homesteading a property and portability for local residents as well as offers you a tax calculator for purchasing a new property.

In this week's solds you will also notice a Bluffs Marina without a balcony. They had sold as low as $140,000 the past year or so and they just sold one for $215,000. Another sign of rising values. You will also notice two multi million dollar condos in the Ritz Carlton sold this week.

Sold properties;

30 days or less - 16 homes

60 days - 10 homes

90 days- 8 homes

120 days - 8 homes

365 + days - 9 homes

42 of the 76 sales this week were cash sales. Again above our 50% average we see.

Contingent

In this weeks contingents, the trends change this week with 7 properties of the 38 going under contract in 30 days or less. That is 20% of the new homes selling in less than 30 days. Take a look at how many homes that went under contract this week were on the market for several hundred days. It seems to be that choices are becoming less so properties that have been overlooked in the past are now selling.

Take alook at the 2 townhomes in Abacoa that went under contract. One was listed at $300,000 and the other at $279,000 and both went under contract in less than 17 days. They are the highest asking prices I have seen in Abacoa in a very long time. The smaller Abacoa townhomes aren't doing as well but they are still up in value.

Jupiter Yacht Club Rental

Top Ten Report

I left my 10 best list this week. This week I added some beautiful beach homes both in Juno Beach and Jupiter. All were remodeled and showed well.

1300 S A1A - 102 Oceancrest - 3 bedroom ground floor oceanfront condo for $260,000. Needs updating but just across from the beach and 1,800 sq. ft.

450 Surfside Lane - 4 bedroom across from the beach. Just remodeled with all new kitchens and baths, south exposure. Pool. Great beach house. $ 799,000 UNDER CONTRACT!

112 Olympus Way - Olympus Jupiter's # beach community. Completely remodeled one story home on large lot overlooking preserve area. Impact windows, walk to beach. A favorite. $899,999. Available!

5550 Ocean Drive - Water Glades 6A Corner unit with ocean views and views of MacArthur Park to the North. Lots of glass. One of my favorite Singer Island condos in that price range. $425,000

Jupiter Ocean Grande #707 - Just Reduced $25,000 last week! Reducing another $25,000 Tomorrow to $899,000.

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. $429,000

127 N River Dr in North Fork is back on the market. This is a beautiful custom 4 bedroom 4 bath home with 12 ft ceilings in living areas, pool overlooking lake. Beautiful custom kitchen. Short Sale at $519,000. UNDER CONTRACT!

Click the link below to view each property in my

10 Best Report below.

Jupiter Top Ten Report

Email me to set up your new search criteria so that you get new listings emailed to you each week. Be the first to look at new homes on the market and get the best deals out there.

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

________________________________________________________________________________________________

Jupiter Report Feb 15, 2012

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This week we saw home sales fall from 73 to 37 for the week. This surprised me when I saw just 37 homes close for the week. I am really perplexed to see such a low number after the staggering sales numbers the week before. Average is about 50 or so per week, so let's see what next week brings. Every agent I speak to seems to be busy, I really think people are coming down and their expectations aren't being met in several ways. Lack of inventory, not many updated homes and prices higher than they expected. What I think is happening, many are looking, can't afford or find what they want and are not buying.

One of my customers( Thank you Joe) this week sent me a great article from Barron's regarding the real estate market here in Florida. It is the first well written article I have read in a long time where the editor actually did some homework or he lives in Florida. I have been here 30 + years and as long as I can remember people migrated North from Miami. Now Lauderdale and now even South Palm Beach County. Here are a few lines from the article.

" I don't say go out and buy the junk condos being peddled in Miami or one of the hundreds of single-family homes sitting empty in areas like Port St. Lucie and Cape Coral.

. U.S. baby boomers on the edge of retirement and looking for serenity—not the hustle of Miami, Naples, Tampa and other overbuilt markets.Also in the market are South Floridians moving north for better schools, less crime and a better quality of life. For the first time in years, they are buying oceanfront homes and condos along the Treasure Coast (which stretches along the Atlantic, from Jupiter and Hobe Sound up to Sebastian"

Read the entire Article by clicking the link below:

Barron's Real Estate News

Contingent

In this weeks contingents the trends continue with 10 properties of the 35 going under contract in 30 days or less. An additional 7 in 60 days or less and 5 more in 90 days or less. 23 of 35 properties went under contract in 90 days or less.

Sold's

In this weeks sold's you will see the 119 Ocean Key townhome that was on my 10 Best list sell for 1 million. You should also notice 782 Seaview selling for $284,000. The unit sat on US 1. The worst townhome in the community. The last two sales in there were $242,5000 and $247,000 for similar condition units but not on the highway. Again trending prices are rising.

Last week I spoke about Xanadu not having a sale in 2 years. Well this week the lowest priced home in Xanadu went under contract. The price hadn't dropped but it was one of the least expensive beach homes available on the market. Why all of a sudden did it sell? Inventory choices are dropping and people are going to have to settle, They may not be getting exactly what they had wanted but what is available for sale.

I wrote up 3 offers this week on various different types of properties. The sellers came down on their asking prices and than just stopped negotiating. The buyers wouldn't come up to the sellers price and the deals fell apart. You wouldn't see that last year. More sellers are seeing increased showings on their properties and are less willing to negotiate with what the buyers are offering. The last 3 of 4 deals that I did get together, the sellers held their ground and dictated the selling price. In fact one home I sold in Summerfield this week the buyers lost three homes to other buyeres before they settled on the home I had for sale. It was there fouth choice on their list and the first three were bought out from underneath them in less than a week. So you can see that the market is becoming equal or even favoring the sellers in some cases.

Along the beaches in Jupiter and Juno there are just 45 condos listed under $400,000 with ocean views. 25 or so are in Ocean Trail, which are direct oceanfront 1100 sq. ft condos.

None of the other condos are direct oceanfront. There is not one condo in Juno Beach available for under $400,000 with a true ocean view.

The last Brigadoon condo went under contract this week. There were 3 condos in the past two weeks sell in Brigadoon that had been on the market for a year or so and in two weeks they all went under contract.

In my 10 Best last week the waterfront home at 263 River Dr in Tequesta Country Club went under contract. The buyer bought it last year for $1,250,000 and did some remodeling and flipped the house in less at an asking price of $2.1 million in less than 117 days on the market.

Top Ten Report

I added two properties this week to my 10 best as the list is getting shorter from all the sales that were on my list. This week 200 Ocean Trail and 263 River went under contract.

250 Beach Rd # 303 - Jupiter Island -Remodeled oceanfront condo with views looking down Jupiter Island at the Jupiter Inlet. Condo shows beautifully. If you want Jupiter Island on a budget here it is.

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 last week! Reducing another $25,000 Tomorrow to $899,000.

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

Real wood floors. Plantation shutters. Owner says Sell!

Jupiter Ocean Grande #307 - Just reduced to $599,000 . Third floor overlooking the pool. Least expensive condo in Jupiter Ocean Grande.

200 Ocean Trail $ 329,900 - Direct oceanfront with brand new Gourmet kitchen and newly remodeled master bath. Must Sell! This one will sell this week! Under Contract!

5550 N Ocean Dr #16A in Water Glades on Singer Island $ 459,999. This is a larger updated corner unit like Dunes Tower in a nicer complex at twice the price of Dunes Tower but still a well priced condo. Under Contract!

Corinthians - 176 Helios #603 Penthouse SE corner.

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

Broadview - 200 Intracoastal Pl # 406 $205,000. Look at the view from this unit.

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

Estuary 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. Under Contract!

263 River Dr - Direct wide river views. House was built in 1993 and has the soaring ceilings and was just gutted from top to bottom. Boaters , Don't miss this home. Listed at 2.1 million. UNDER CONTRACT!

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 to $325,000!

Click the link below to view each property in my

10 Best Report below.

Jupiter Top Ten Report

Email me to set up your new search criteria so that you get new listings emailed to you each week. Be the first to look at new homes on the market and get the best deals out there.

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

________________________________________________________________________________________

Jupiter Report January 25, 2012

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Top News Story

Palm Beach County Home Sales up 24% for 2011

Click link above to read article in Palm Beach Post.

Home Prices stabilize for 2011

Click link above to read home prices stabilize.

This week we saw Jupiter home sales rise back up to 48 sales versus 28 from the previous week. I continue to see many Jupiter properties go under contract each day. If you read the Post article, you'll see that inventory levels are falling and prices are stabilizing. Both good indicators of a market that is finally turning around. If you remember, in the past, that the newspaper articles run several months behind the changing trends and when they start reporting good news the market has already changed. What the articles will do is make buyers get off the fence and really start looking for the best deals. You may see some foreclosures selling dramatically under market but they usually need a minmum of 10 to 15% of the sales price to get the homes in a condition that is liveable.

Many of the foreclosures are being bought by investors, doing inexpensive remodels and putting them right back on the market. Just as an example, I listed a home today in Port St. Lucie that has been left by the owner and the bank priced it under market. I have 10 CASH offers, by investors sitting on my desk today. Several are above asking price.

I continue to see buyers that are unsure of how the property taxes work and what condo fees cover. First I will start with the tax issue. No matter what the mls sheet says in regards to the property taxes, once the property resells the taxes will readjust. I highly recommend when you look at a property, go to this website:

http://www.pbcgov.com/papa/index.htm

Put the address or tax id number in the search part of the site and there is a tax chart that will recalculate the property tax based on the selling price. This is a great tool for you buyers. On average, figure a minimum of 2% of the selling price for taxes. If you pay $200,000 for a property you can expect to see a property tax of $4,000 plus or minus per year.

Jupiter Condo fees seems to be another confusing aspect of the buying equation. You will see condo fees range from $250 per month to over $1,000 per month. Below is usually covered in the monthly fees:

Exterior insurance

Basic cable

Water/sewer

Common area maintenance

Security

If you purchase a $500,000 home your costs for the above services would be somewhere along the following:

Exterior Insurance - $ 300 per month

Basic cable- $50 per month

Water / sewer - $75 per month

Lawn /pool service- $175 per month

Your carrying costs for a $500,000 home would run about $600 per month. So when you see condo fees of $600 or higher per month, they really aren't that high compared to what you are getting and what the monthly cost is.

Abacoa townhomes are a perfect example. The monthly charge in Abacoa is about $225 per month and you will see similar condos in that price range have a $500 per month condo fee. Your first reaction is that the $500 condo fee is outrageous, but in Abacoa you pay your own water/sewer and exterior insurance and you are responsible for your roof.

So when you add your exterior insurance and your water/sewer bills to Abacoa's $225 you are right around $450 per month. So there really isn't that much difference.

CTG- Contingent

40 properties went under contract in the past 3 days. Of those that went under contract 25% were on the market less than 60 days before going under contract and 25% were on the market for 300 + days before they went under contract. Very extreme DOM. The reason as I have said in the past the few great deals are scooped up really fast and properties that were just not real desirable or overpriced are selling.

BOM- Look at 127 N River Dr. Short sale at $519,000. Soaring ceilings, each bedroom has it's own bath and a lake view. UNDER CONTRACT!

New Listings

In this weeks new Jupiter listings take a look at Via Del Sol a two story beach home in Via Del Mar for $399,000. Walk to beach, community pool and great location. 420 Celestial Way is a great rental property in Juno Beach. Ground floor, direct oceanfront 2 bedroom condo listed for $369,900.

Top Ten Report

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 last week! Reducing another $25,000 Tomorrow to $899,000.

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.

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!

Ocean Parks 2 bedroom 2 bath 1,500 sq. ft. Ground floor with patio overlooking garden. Walk to beach, shopping. Just $150,000

Click the link below to view each property in my

10 Best Report below.

Jupiter Top Ten Report

Email me to set up your new search criteria so that you get new listings emailed to you each week. Be the first to look at new homes on the market and get the best deals out there.

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

_______________________________________________________________________________

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.

Jupiter Top Ten Report

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.

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

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.

Jupiter Top Ten Report

Happy Holidays to Everyone and Enjoy the New Year.

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

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.

Jupiter Top Ten Report

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

________________________________________________________________________________________________________

Jupiter Report October 5, 2011

Thinking of Selling?

Know someone looking to SELL!

Call Me!

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

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

___________________________________________________________________________________________________________

Jupiter Report September 29, 2011

Thinking of Selling?

Know someone looking to SELL!

Call Me!

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

Jupiter Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

Listings

Price Changes

New Listings

Sold's

Rentals

Back on Market

QUICK LINKS

Buyers

Sellers

Search Listings

Jupiter 1 Realty

Jupiter1 Oceanfront

Jupiter Facebook

Local Services

Favorite Restaurants

JimMcLane@att.net

561-744-7025

Jupiter Report September 8, 2011

Thinking of Selling?

Know someone looking to SELL!

Call Me!

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 Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

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

Jupiter Facebook

Local Services

Favorite Restaurants

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 Oceanfront Condos

Jupiter Abacoa Homes

Jupiter Homes

Jupiter Waterfront Homes

______________________________________________________________________________________________________________

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 Facebook

Local Services

Favorite Restaurants

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 Oceanfront Condos Jupiter Abacoa Homes

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

Jupiter Facebook

Local Services

Favorite Restaurants

JimMcLane@att.net

561-744-7025

Jupiter Report May 18 2011

Thinking of Selling?

Know someone looking to SELL!

Call Me!

This week we had 54 homes close, down from 102 last week. This is the average number we have seen over the past year. Just to give you an idea of what some of the properties are selling for take a look at the following while going through the sales for the week.

401 Mars a 3 bd -1 Ba. Yes 1 bath built in the early 60's and quite small sold for $345,000.

331 weet Bay, a short sale in Abacoa and the least expensive floorplan sold for $319,000.

2201 Marina Isle Way in the Bluffs marina, ground floor unit overlooking the marina sold for $233,000. Last year they would bring $200,000.

Two homes at $900,000 plus sold in the new Jupiter Country Club.

Florida outshone the nation last month in existing home sales with Palm Beach County topping more than 1,000 purchases for the second consecutive month.

Click to Read article

In this weeks price changes take a look at Beach Walk in Jupiter. These homes started at 2 million dollars, are brand new, never lived in and are now asking $950,000 and $1.1 million for 4,200 sq. ft under air with pools. They are custom builder homes with the best of everything in them. Check out Beach Walk today.

View Beach Walk Homes for Sale

I spent the last several days looking for Jupiter homes under $300,000 in nice neighborhoods. After going through 25 plus homes on the computer we narrowed it down to 12 properties. After looking at 1 2properties we ended up with only 4 that the buyer thought were liveable. Not updated but just clean and showed well. All of Jupiter and that is what we ended up with , just 4 homes under $300,000.

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 $210,000. Make me an offer.Contact me for details.

Just Listed

Bella Vista- 2 bedroom 1,500 sq, ft on one level. Fenced patio. Has tenant for Feb/March 2012. Great rental property and walk to Carlin Park & the beach.

View Bella Vista for Sale

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.

Click below to View Trendgrahix

Top Ten Report

My 10 best list remained the same this week.

You will notice that 2 of my recommendations went under contract this week. 774 Seaview Ct and the best deal on the beach 900 Ocean Dr (Surf). Dunes Tower PH -A which was on my 10 best list did close at $310,000. That was a real bargain.

I attached several unique waterfront properties that might catch your interest. Several townhomes with ocean and /or Intracoastal water views. Lykes Landing on Jupiter Island is a 3,600 sq. ft townhome sitting on the best Intracoastal water in the area. Recently reduced to $1.4 million.

Cote De La Mer and San Remo( Under Contract) both direct oceanfront townhomes on the sand in Juno Beach.

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

On the other end of the spectrum check out the Water Glades condo 4A which overlooks MacArthur Park on Singer Island and Dunes Tower Penthouse with a wrap around balcony with gorgeous water views. Both are in the low $300,000's. Under Contract!

The second is a Harbor home in Admirals Cove. Completely remodeled 2 bedroom plus a den on one floor. Everything is beautifully redone and requires a tennis membership. Boaters, it comes with a 37 ft. dock with ocean access in your backyard which overlooks the golf course and the beautiful water view. Admirals Cove has golf, tennis a wonderful marina and a grand clubhouse. Take a look at this Harbor home. These homes are selling in Admirals.

Three bedroom plus den models available.

Seaview a beautiful townhome in Juno Beach. Walk to beach, remodeled and asking $359,000. Under Contract!

Reduced again to $625,000.

Surf #406 reduced again today from $365,000 to $345,000. Incredible direct ocean views. New hurricane windows and sliders. Best Deal in Juno Beach! Under Contract!

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