Jupiter Real Estate 2019
Below you will see the year to year Market Report for Palm Beach County. You will notice prices are up, inventory is down and sales for single family homes is up but condos/townhouses are down. It goes back to more and more people are moving here and calling Florida their primary residence which is driving up demand and prices for single family homes. Most of the condos and townhouses are just to small or have upstairs bedrooms which is another deterrent for buyers in their mid 50's who are thinking long term. I continue to emphasis the value along the beach of the Bluffs single family homes. Even though they have increased dramatically in value they offer what many buyers are looking for. Single level, reasonable sq. footage at 2,000 sq. ft, vaulted ceilings in the living area, two car garages and poured concrete construction for easy maintenance and longevity. The are available in the low to mid $500's which is an affordable 2nd home.The association maintains your front yard while many owners limit the rear yards with landscaping so they have a nearly maintenance free home. You have a long walk to the beach but if you moved them across US 1 you would add $200,000 to the price tag. The proximity to the beach, the well maintained community features a community pool, tennis courts and the HOA makes sure the community always shows well. They have a tremendous potential and can be quite impressive with the right updating.
- Statewide median sales prices for both single-family homes and condo-townhouse properties have risen year-over-year for 93 consecutive months.
- “With inventory levels continuing to dwindle, low mortgage interest rates remain the major reason we are continuing to see strong sales and price growth throughout much of the state,
- The statewide median sales price for single-family existing homes was $265,000, up 5.3% from the previous year.
When your ready to look at Jupiter Real Estate we will be your eyes and ears for the best deals on properties here in Jupiter. No matter if you are looking for Jupiter Homes or Jupiter condos we can provide you with a wealth of information for an informed buying decision.Posted by Jim McLane on