Jupiter Home Report

 Welcome to our Newsletter

This week we saw Jupiter home sales rise back again into the seventies with 73 homes selling.  I continue to see good news coming out in major papers, TV and magazines regarding the upward swing of home prices in many areas. As I had said there were alot of fence sitters and now they are jumping off the fence and ready to buy. The last 3 offers,  the sellers dictated the pricing not the buyers. This is a dramatic change from just 6 months ago. In fact I made a full price offer on a Bluffs home this week and we were $10,000 under the selling price and there were 10 plus offers in two days. Remember I mention the Bluffs as one of my barometers quite often and as you can see it seems to be a pretty good barometer of the market.  

Another instance I am seeing more and more is appraisals coming in $10,000 or more below the selling price and the buyers are starting to ante up the difference to buy the home. We aren't talking million dollar homes either. I did not see that at the beginning of the year. In fact it was almost unheard of having the buyers come up with the difference. Buyers market?  In fact, this week in the new listings section there is a home in Tequesta Pines on 66 Hickory Hill that says this in the brokers showing instructions:  Serious buyers only who may be willing and able to pay over appraised value.

When was the last time you saw that?

Sure there are some good deals you will see in the sold sections but many of them had multiply offers and it was a bidding war on the properties. First time home buyers looking to buy you are getting beat out by cash investors who will close in days. You don't stand a fighting chance.

Take a look at two articles below in the Post. What is this going to do to the buyers who weren't sure just a few months ago?

 Palm Beach County Home sales and price surge in June as Inventory Drops!

Palm Beach County’s home prices and sales volume were up in June with a 14 percent surge in purchases of single-family homes over last year and a 7 percent spike in median prices to $225,000.

                                        Read Palm Beach Post Article

South Florida home values show ‘dramatic’ increase, but rollercoaster may not be over!

South Florida’s home values were up 6.4 percent during the second quarter of the year compared to the same time in 2011, and are forecast to make another 6 percent leap by mid-2013, according to a Zillow report to be released today.

                      Read Full Palm Beach Post Article

Jupiter oceanfront condo buyers who have been looking to buy oceanfront condos this is the time of year to buy them. You won't see any better deals then the middle of summer if you have been looking for an ocean condo. This is the slowest time of the year for theses properties so take advantage of the off season to buy.

Buyers who are looking to purchase need to get signed up to receive new listings as they come to market. Not only do you have to do some research by looking on-line, use any of my websites for your daily searches. It will save your searches and email you new listings as they come to market. Don't be afraid to call or contact me for questions about specific communities or if you are seeing exactly what you want. 

 Jupiter Top 10 Homes

My 10 Best list has some new homes this week.

3 bd golf course view townhome in Jonathan's Landing. Option to join the club or not. Several memberships available. Great winter home. $265,000

3264 W Community- 3 bd Abacoa townhome for $199,000

1601 Marina Isle Way # 203 in the Bluffs marina. Overlooks long marina view, balcony and less then mile to beach- $245,000

286 Caravelle Dr- Rare 5 bedroom one story pool home in Abacoa. 3,200 sq. ft under air. Largest one story home available. $ 525,000

I added a 5th floor Beachfront in Juno Beach which has wonderful ocean views and is listed at $799,000.

2202 Carib Circle - Waterfront home in Palm Beach Gardens. 100 ft of waterfront. Home has been updated with over 3,000 sq. ft of living space.

6930 Cypress Cove Circle - Rutenberg 3bd/2.5 bath overlooking lake with pool. Soaring 11 ft ceilings throughout most of house including master bedroom. Mature oak trees line the streets. Home is spotless and the lake view is spectacular.

900 Ocean Dr # 302 -The Surf in Juno Beach. One of my favorite old Florida style oceanfront condos. Juno Beach is incredible. Last Surf condo for sale. My choice as I love the lower floors.

                Jupiter Top Ten Report

Email me your search criteria and I will be happy to send you new listings as they come to market so that you see the best deals out there. Don't miss that deal!

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