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 faster.  We read all these different numbers but sometimes when you here statistics and views you don't know what to believe.  I am still very confident the best deals( the winning the lottery deals or the deal my friend got are slimmer and harder to find).  The buyers are still looking for them and many are becoming discouraged.  You see consistent homes sales each week in the Jupiter area, they are coming right out of the mls and are very accurate.  


It reiterates alot of what I have been saying and seeing in the market. In this weeks solds I want you to look at a few properties. A Martinique townhome in Abacoa just sold for $252,000. I sold a very similar one last year at $235,000. The Ocean Ridge townhome in Juno Beach just sold for $484,000. They had one sell in 07 for $517,000 and in 05 which was almost near the peak sell for $577,000. They haven't really dropped that much from the peak and are holding steady. Why , limited supply of that type of place. 


You see the Jupiter Ocean Grande on the top just sell for $800,000 cash. That is a very strong number for a 4th floor condo in that building. Earlier this year the same stack on the 8th floor sold for $855,000. You can see the numbers are moving up for limited supply products. They have quite a few 3rd floor units in the building for sale and they can't move them.


Also look at Magnolia Bay which sold at $360,000 and almost the same home in Abacoa sold for $40,000 more. They are only a few miles apart and built by the same builder. The Jupiter home brings more money because of the schools. 


                           Palm Beach Post Article


I received the stats below from an agent in Mt. Pleasant SC today. Sales are up 10% for both homes and condos from last year. Sales prices dropped just a bit for condos and homes were 4%. The lower end condo market is now the entry level market as less people can afford a single family home so demand has become strong.



· New Listings DOWN 14.6%
   · Closed Sales UP 10%
   · Sales Price DOWN 4.6%
   · Days on Market DOWN 9.1%
   · New Listings UP 29.6%
   · Closed Sales UP 12.3%
   · Sales Price DOWN 1.2%
   · Days on Market DOWN 19.4%

These statistics represent comparisons between 2010 and 2011, year-to-date in Lower Mt. Pleasant.





  If you have any questions about specific communities here in Jupiter or you would like information about a certain condo feel free to contact me. Remember when you look at the monthly condo fees your homeowners insurance is in the fees as well as water/sewer  and usually basic cable. Just to give you an idea on homeowners insurance you can expect to pay about $3,000 per year on a home that is insured for $250,000. Basic cable, water and sewer will run on average $125 per month. So here you have $375 per month for exterior insurance and utilities that the condo fees cover. Average condo fees run about $250 to $300 per month on the low end and oceanfront condos will start about $600 per month and go up.  As far as taxes you can expect 2% or so of the selling price and in newer communities like Abacoa you will see almost 2.5% due to infrastructure taxes.                                    


                  Top Ten Report 

My top ten remained the same this week as I did not see any homes that I thought were great values.

141 Seabreeze Circle- Walk to beach, shows really well with many upgrades. Reduced to $215,000

415 Juno Dunes Way - 3 story townhome with impact windows, nicely appointed and built in 2005. Walk to beach - Just listed. $ 372,000

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.

601 S Seas Dr # 306 in the Bluffs South. Renovated. Deal fell through. A really nice condo with low  condo fees. $1,100 per qtr. One of Jupiter's most popular community.


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!



Ocean Villas - 225 Beach Rd at $339,000. Incredible Intracoastal and Lighthouse views.


The Colony is back on the market. Best ocean views in Juno Beach. 1700 sq. ft of living space with glassed 15 x 30 balcony overlooking the best beach in the area.




  Click the link below to view each property in my

10 Best Report below.



                  Jupiter Top Ten Report


If you know what you are looking for email me with your search criteria and I will send you new listings & price changes as soon as they hit the market. Be the first to see the best deals out there!



I want to thank all my customers who bought homes this year and all my people that frequent my websites and read my reports each week.  It has been a pleasure to help you and I look forward to another great year here in Jupiter.


Happy Holidays to Everyone and Enjoy the New Year.



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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Comment I don't think I've never read anything like this berfoe. So nice to see someone with some unique ideas on this subject. I really thank you for beginning it. This web site is something that is wanted on the internet, somebody with slightly originality

Posted by Zora on Saturday, August 11th, 2012 at 3:59am

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