Jupiter Report January 31, 2012

             Thinking of Selling?

       Know someone looking  to SELL!

             Call Me!




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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 close to their asking prices. They were not dropping their prices far.  Take a look at the selling prices versus the asking prices. Some are remarkably close. The Palm Beach Post article was good information for sellers. I think you may see more sellers put their properties on the market and test the waters. There were quite a few sellers that did not want to deal with low ball offers they had received last season so they just pulled their properties off the market. This season sellers will be tougher to negotiate with unless they just have to sell. 


Last week I put that Dunes Tower on my report and I had several showings and a few offers. Sellers turned down the offers. It is priced as the best deal on Singer Island. They just listed a 5th floor same stack in Dunes Tower at $399,000, remodeled. You can do alot of remodeling for $125,000 in a 1,300 sq. ft condo. If this condo was in Juno Beach it would be $600,000 plus without a doubt. The only caveat is the seller wants a cash deal and close fast.




                                      CTG- Contingent

34 properties went under contract in the past 3 days. Of those that went under contract 50% were on the market less than 30 days before going under contract and 15% were on the market for 300 + days before they went under contract. Very extreme DOM. Take a look at the 15 properties that sold in less than 30 days, many were 7 days or so. Think about this for a minute 50% of newly listed homes sold in less than 30 days.



BOM- Many of the BOM listings this week were old listings that had expired and just re listed. The only home that may interest someone is 102 Xanadu, a direct oceanfront home.


                                Price Changes

I want you to look at 1701 Marina Isle Way which is a Bluffs Marina condo with no balcony at $151,000. They are having a tough time selling this unit. If I added a balcony to the unit I could sell it all day long for $200,000 plus. Another example of less desirerable units being difficult to sell. Buyers are looking for the best units in the complex and what they are finding are less desirable units and really great units at high prices.



If you are serious and you are receiving new listings from me each week you really need to pay attention to the listings. If a property here in Jupiter catches you eye, pickup the phone or email me. I will be happy to give you my opinion, good or bad. Most of you who know me, I don't sugar coat it to sell you a property. I will tell you the truth about what I think and than you can decide. If you aren't receiving exactly what you are looking for, call me and we can discuss your needs and I can focus in on property searches for you.


                  Top Ten Report 

Jupiter Ocean Grande - 4th floor Grand Bahama Model                                             Complete remodel. Owner is Interior designer. Over $200,000 in upgrades!               Take a look at the photos. $ 899,000     

Jupiter Ocean Grande #707 - Just Reduced $25,000 last week!  Reducing another $25,000 Tomorrow to $899,000.

 Best view in the complex and the best condo/view under 1 million.

Real wood floors. Plantation shutters. Owner says Sell!


Jupiter Ocean Grande #307 - Just reduced to $599,000 . Third floor overlooking the pool. Least expensive condo in Jupiter Ocean Grande.


200 Ocean Trail $ 329,900 - Direct oceanfront with brand new Gourmet kitchen and newly remodeled master bath. Must Sell! This one will sell this week!



5550 N Ocean Dr #16A in Water Glades on Singer Island $ 459,999. This is a larger updated corner unit like Dunes Tower in a nicer complex at twice the price of Dunes Tower but still a well priced condo.


Corinthians - 176 Helios #603 Penthouse SE corner.

Incredible ocean views and views of Lake Olympus to the side. Light and bright Penthouse.


Broadview - 200 Intracoastal Pl # 406 $205,000. Look at the view from this unit.

141 Seabreeze Circle- Walk to beach, shows really well with many upgrades. Reduced to $215,000. Best Value for a beach area townhome. Under Contract!

Estuary Great 2 bedroom with loft area. 1 car garage. Hurricane glass on patio with beautiful golf course views. Unit is spotless with updates including new master bath and shower. Priced great at $299,000.

263 River Dr - Direct wide river views. House was built in 1993 and has the soaring ceilings and was just gutted from top to bottom. Boaters , Don't miss this home.


I also added one of my favorite buildings Ocean Royale. A 4th floor condo in the front building with beautiful ocean and beach views. 3 bedrooms and all the amenities. Just the right height and not to high. Don't miss this condo. Reduced to $ 1,025,000.


 Beachcomber ground floor condo, 3 bedroom condo with a carport. Step outside to the community pool and just 150 ft from the ocean. Take a look at this unit. Just reduced to $325,000!


80 Celestial Way # 306 in The Colony that was on my 10 best list went under contract today.


  Click the link below to view each property in my

10 Best Report below.



                  Jupiter Top Ten Report



Email me to set up your new search criteria so that you get new listings emailed to you each week. Be the first to look at new homes on the market and get the best deals out there.



Jupiter Oceanfront Condos

         Jupiter Abacoa Homes

 Jupiter Homes              

Jupiter Waterfront Homes


Each week the Jupiter home sales report is done with my customers in mind. I hope the report assists you in being a more informed Jupiter home buyer and provides you with  a wealth of information about the Jupiter real estate market.

Posted by Jim McLane on


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