Jupiter Real Estate Market

 

The Jupiter real estate market continues to show strength even as we enter our slowest time of the year. I'm seeing a dramatic rise in requests for Jupiter properties in the past few weeks as summer comes to a close up North. 

 

This week as I ran the new listings as well as the contingent listings I continue to see trends that reflect what I have been saying. The sub $200,000 inventory market has just about disappeared. Only 7 properties of  the 51 new listings were under $200,000. Similar results for the sub $300,000 market as well. Even at close to $300,000 for condos you aren't getting updated places. I continue to see new listing prices follow an upward trend even while seeing recent sales…

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Jupiter Real Estate - Homes & Condos for Sale

The Jupiter real estate market continues to follow and exceed National trends. National July was one of the best months for home sales in more than a decade. Record low mortgage rates, high consumer confidence have driven home prices to the highest in nearly a decade.  The biggest problem buyers face according to Realtor.com economist is finding a home to buy. With summer almost over buying slows down and inventory picks up which gives you the best opportunity to purchase a home. 

 

The Jupiter single family homes market saw 73% of the properties sell under $500,000 which is the most competitive market you will face. The limited supply of sub $500,000 single family homes makes it a real challenge for…

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       Jupiter Real Estate 

The Jupiter real estate market continues to see rising prices and shrinking inventory. Not only are we seeing this in Jupiter but all of Palm Beach County. There is a great article and video below. 

In Palm Beach County towns like Jupiter, Palm Beach Gardens, Boca Raton and Delray Beach are a few of the most desirable towns in Palm Beach County. Expect to pay a premium to live in these towns. 

 

Many out of state buyers are unpleasantly surprised at the costs of real estate here in South Florida. South Florida has become a hotbed for baby boomers from the North East. You are seeing it in the new construction happening here. Places like Downtown Boca are building million dollar condos to attract the aging baby…

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       Jupiter Real Estate 

The Jupiter real estate market continues to see rising prices and shrinking inventory. Not only are we seeing this in Jupiter but all of Palm Beach County. There is a great article and video below. 

In Palm Beach County towns like Jupiter, Palm Beach Gardens, Boca Raton and Delray Beach are a few of the most desirable towns in Palm Beach County. Expect to pay a premium to live in these towns. 


Many out of state buyers are unpleasantly surprised at the costs of real estate here in South Florida. South Florida has become a hotbed for baby boomers from the North East. You are seeing it in the new construction happening here. Places like Downtown Boca are building million dollar condos to attract the aging baby boomers…

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Jupiter Fl Homes

The Jupiter real estate market continues to see rising prices and shrinking inventory.  In Jupiter we have just 23 properties for sale under $200,000. The least expensive is listed at $95,000. Great news right!  Still a few bargains out there. Well, the bad news, that is for a boat slip and not a home. Really, the least expensive condo is listed at  $135,000 and that is a 2 bedroom in Chasewood which was built back in 1984. This is an original condition 1,000 sq. ft condo which I classify in the apartment category of condos. There are 6 other properties in Chasewood and Georgian Park under $150,000. From there we are $150,000 and higher for the remaining 17 properties.

 

The least expensive beach area property is now a tennis…

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Jupiter Real Estate- Jupiter Homes for Sale

The Jupiter real estate continues to show strong activity especially in the entry level market which is now starting near $200,000. Under $200,000 there are just 27 - 2 bedroom condos for sale in Jupiter and most are listed at $180,000 or higher.  Along the Jupiter beach area we have just 16 properties for sale under $300,000. Most are 1,200 sq. ft and with a few possible updates but many are original condition.

 

Expect to budget a minimum of $200 per sq. ft away from the beach and near the beach prices are starting at $250 per sq. ft for a walk to the beach property. Jupiter oceanfront properties are starting at $400 per sq. ft.  for older updated condos and newer condos are all a million dollars…

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Jupiter Condos & Jupiter Homes for Sale

No matter what agent I speak with they all seem to ask what's happening with the Jupiter real estate market. Many say the real estate market is just strange right now. Not slow, not busy but steady, not  what many have seen in the past. The low inventory combined with escalating prices have buyers and sellers baffled. Is the market heading for a fall or is it going to continue to rise?  Our usually winter selling season consists of January, February and March. We saw less traffic but Jupiter real estate sales remained strong. The limited inventory seems to have many real  buyers sitting and waiting for the right property to come along. When  the right property comes to market we are seeing multiply offers and…

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                      Jupiter Real Estate Market

Juno Beach Condos

 As season winds down for 2016 and many snowbirds started home it's time to review the real estate market here in Jupiter. Inventory choices are still below what we have seen in the past and both buyer's and seller's are fighting over who is controlling the market. The number of new listings are growing which will increase buyers choices for homes. What I have seen this year is properties are either hot or ice cold and very little in the middle. The hot selling properties are the one's that have been updated nicely and require no work at all. Buyer's are willing to pay a premium for these properties and some of the prices are surprising me. Unique properties are also commanding top dollar and are…

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             2016 Jupiter Real Estate Forecast by Alexander Clough

  The year ahead: More growth for county but housing costs raise fears   The Jupiter real estate market will continue its bull run, as housing and commercial projects in the pipeline start or complete construction.
Now, the bad: Rising housing costs will make it difficult for people moving here to find an affordable place to live. Construction might be slowed by higher land costs and spikes in labor costs, thanks to a limited supplies of skilled subcontractors. And, has been the case for several years now, there's no new office space to be had.   Last year was a good one for corporate deals, including the blockbuster announcement by United Technologies that it would…

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Jupiter Homes for Sale

 
             Jupiter Real Estate Market

 

It is that time just before season when we watch and wait for new listings to start hitting the real estate market here in Jupiter. Owners along the beach that are interested in selling will be preparing their properties for the winter selling season. I continue to see both an increase in new listings and rising prices as well. With our limited inventory sellers are a bit more aggressive in their asking prices due to the limited choices available. 

 

What is really surprising is how hot some communities are while others are stagnate. The Bluffs single family homes had 10 properties for sale a week ago and today their is only one left for sale. This sounds crazy…

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