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Jupiter waterfront homes

If there is one thing that differentiates a home from any other home this may be it. Waterfront homes always seem to come back strongest after any real estate bust. Buyers see great opportunities to buy undervalued waterfront homes and the scare supply of them drives prices back quicker then your average single family home. Even oceanfront condos don't seem to bounce back as quickly as waterfront properties.

Boaters are constantly looking to dock their boats out in their back yard. One it makes easy use of your boat, you'll use it more often. Two with dockage becoming more difficult to find and more expensive you save quite a bundle by docking your boat out back. It used to be a fixed bridge would kill the…

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Jupiter homes for sale

 

 

Jupiter Home Report

 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,…

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Jupiter Home Report

 Welcome to our Newsletter

This week we continue to see strong sales in the Jupiter market. Home sales for the week were flat with 73 homes closing compared to last weeks 73. You will notice how many waterfront homes are selling. They are all in the million dollar mark plus with several selling at 2 -3 million.

This market continues to be strong. The biggest selling market again this week was $200 to $400,000 range. Most of the homes are low $300,000 and pushing upwards to $400,000. There are still many condos and townhomes selling in the mid $250,000 range. Your not getting oceanfront but the typical Abacoa townhomes are fetching $250,000 which were selling last year as low as $195,000 for bank owned townhomes that needed…

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This week we saw Jupiter home sales  fall from 75 to 57. Down from the huge sales week before but season is over and we expect to see a slowing in sales. The under $200,000 market for condos and townhomes is still on fire. In fact I checked the other day for 3 bedroom townhomes under $200,000 and found just 11 townhomes and 17 condos in Jupiter, Juno, Tequesta and Palm Beach Gardens. The single family home market is almost impossible to find anything under $300,000. Above $600,000 to 1 million  the market is definitley much slower. Getting above a million I see that market picking up a bit as prices are falling in that segment. The so called entry level markets are just scarce for inventory.

 

 

We continue to see more good news articles from the…

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This week we saw Jupiter home sales  rise from 54 to 75. Another strong week for Jupiter home sales.  

 

 

 

Remember I was predicting lower inventory levels and stronger buyer demand. It took a bit longer to get there then I really expected but I have been saying to buyers that the boat was missed on the very best deals. I also was telling everyone about reading it in the paper. Well if your reading it in the paper, it is old news and the newspaper is publishing what I gave you last week and what I have been saying for 6 months or so. I'm sailing off on the ship and waving goodbye to the best deals.  

 

 

 

I have been showing you how fast many homes are going under contract each week. 30-50% of the homes going under contract have…

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Good news for Jupiter real estate. Inventory levels are down 38% from just a year ago. Last year here in Jupiter we had 13 month supply of homes for sale and now we are down to just a six-month supply. The median home price is up $10,000 to $200,000 from last year. Days on market are down, pending sales are up. This is all great news real estate market here in Palm Beach County. Abacoa in Jupiter is still showing strong sales results with inventory levels at a five-year low. More good news for Jupiter, coastal living had a recent article on beachfront living in Jupiter was named one of the top 10 coastal cities. With the decreasing inventory we are seeing upward pressure on home prices. New communities such as Rialto, Abacoa in Jupiter country club are…

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Jupiter Report March 17, 2012

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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…

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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…

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Jupiter Report Feb 15, 2012

             Thinking of Selling?

       Know someone looking  to SELL!

             Call Me!

 

                                                          yes        

 

Please click my Like Facebook and Google buttons above if you enjoy my reports and feel free to pass them on to any of your friends.

 

    

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…

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Jupiter Report January 31, 2012

             Thinking of Selling?

       Know someone looking  to SELL!

             Call Me!

 

                                                          yes        

 

Please click my Like Facebook and Google buttons above if you enjoy my reports and feel free to pass them on to any of your friends.

 

    

This week we saw home sales fall back to 38 from 48 sales last week. This week should be very strong as will the coming weeks. People who have been watching the market should see several areas where prices are on the rise. Waterfront homes, single family homes under $400,000 and the better more desirerable communities. I put several offers in this week and they were all countered by the sellers at…

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