Jupiter Home Report

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Palm Beach County price gains top nation in December

According to a report by California-based ZipRealty, Palm Beach County’s median sales price in December was $169,000, up 35 percent from the same time the previous year.

“Everything is really competitive, and we’re seeing situations where there are multiple offers again, but 35 percent seems high,” Kent said.

“I think house prices have fallen long enough and far enough that we finally found a bottom at the tail end of 2011,” Baker said

I wanted to make sure this was the first part of my home report this week. The above sentences are exactly what I have been saying for sometime. The so called deals are receiving multiply offers and…

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We started off strong for 2013 with Jupiter home sales  hitting 65 homes for the week. I continue to see two things going on in this market. Strong buyer demand and low supply of homes for sale. Season is starting and we have only 21 more homes for sale on the market than back in September. Fall is when no one really tries to sell their homes so the inventory should be at the lowest level for the year. Inventory levels remain static with just 1772 homes for sale in the areas of Jupiter, Tequesta, Juno Beach and Singer Island that I track. You would think there were be a surge in new listings for the season. We ha d quite a few this week but the sales are continue to deplete the inventory levels are an equal or greater pace. Back in June of 2009 we…

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