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

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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…

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Jupiter Report January 31, 2012

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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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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…

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Jupiter Report  December 15, 2011 

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This week we saw home sales fall from 57 to just 32 closings this week. The holiday's definitely slow home sales. We should see low numbers of closings until the end of January and than we should see some strong season numbers with 60-80 sales per week. The biggest obstacle will be inventory levels and prices will most likely be more than last year for most communities. The hottest market is still the under $100,000 condo, followed by the under $200,000 Abacoa townhome and than the under $300,000 single family home which is becoming very difficult to find, especially if you are looking for…

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Jupiter Report  October 19, 2011 

             Thinking of Selling?        Know someone looking  to SELL!              Call Me!                           This week we had 47 home sales, down from 64 last week. That is not much of a surprise as I said September is usually our quietest month, so 30 days or so after September you should see home sales fall a tad.   Only 6 homes sold between $500,000 and 1 million  and 1 home above 1 million. 11 homes sold  were $300k to $500k and 8 homes between $200k and $300K.   You can see the $200k to $500K homes are nearly 50% of Jupiter home sales each week. Under $200,000 homes and condos make up almost the other half. Most of the under $200,000 are condos and townhomes and even these are getting…

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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…

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