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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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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What's happening in the Jupiter real estate market?

I continue to watch the new listings coming up for sale in the Jupiter real estate market. What I am starting to notice is how many of the listings are recently updated. This is not what I am use to seeing.  I immediately start looking at the tax records and review the sales history of the properties. As I expected all are recent sales that have closed in the past 2 years and in many cases at nearly half the price they are listed for now. Granted they are been remodeled but many remodels look great on the surface but aren't done with quality materials or workmanship.

 

This week two properties caught my eye. I had to check twice to make sure the prices were correct. Usually these condos sell…

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 Jupiter Island Oceanfront Condos

Live on exclusive Jupiter Island for less than you might think. Many buyers think of Jupiter Island and all they think of is the expense of living on this prestigious address. Jupiter Island condos are much more affordable than you may think. Sure there are several condos that are approaching the two million dollar mark or higher but you can find an older direct oceanfront condo starting in the mid $400's. You get the same spectacular ocean views but will give up some space and features some of the newer ocean condos have. The lower priced condos will give you 1,200 sq. ft with 2 bed/2 baths and maybe in need of a remodel. If you don't need 3,000 sq. ft we can find you an affordable oceanfront condo on Jupiter…

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Buying a Jupiter Oceanfront Condo

With supply down to record lows we have seen prices escalate for oceanfront condos in Jupiter. Many condos have no listings for sale while others may have just one or two units for sale. If it is a good location in the condo most likely it will sell rather quickly. What is selling and what isn't selling? If you don't have an ocean view you will find it difficult to sell no matter what the price. Original condition units in need of major upgrades are also a bit more difficult to sell. Most buyers are buying an oceanfront condo because they want a view and they don't want to do complete remodels.

Buying Jupiter oceanfront condo tips

What to look for when buying an oceanfront condo. It may sound very stupid but by…

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Boca Raton to Hutchinson Island Real Estate- Vero Beach

I did some research and it is not only here but inventory levels North of us in Hutchinson Island and Vero Beach are at record lows as  well. In Ocean Village on Hutchinson Island there are just 14 condos for sale. Sounds like a good number but there are over 1,200 condos in the community. It is an oceanfront community of condos and single family homes.  Imagine in 1,200 condos you only have 14 options. Seems crazy. Vero Beach recently signed a contract with one of the local airlines to start commercial flights during the winter season into Vero airport. Direct flights into Vero will be a big boost for Vero Beach real estate. No longer will you have to drive to Orlando or West Palm Beach. Ease of…

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Jupiter Real Estate

 

 

Our South Florida real estate market continues to show strength and was recently listed as the 15th highest priced area to live in the country. Strong baby boomer demand continues to fuel the area market and drive up prices here and in the Sunshine states. Many sellers now have the upper hand in negotiations. It is their time. A motivated seller is the most important part of a home purchase now.  Buyers had their time the last few years so like everything else the pendulum has swung in the other direction.

 

When I do see a tremendous property value  such as the Jupiter Yacht Club above I try and send it to all my customers. You have to take advantage of the investment opportunities when they come along. If…

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