Jupiter Home Report

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This week we saw Jupiter home sales fall from 79 to just 28 homes selling this week.  This is the lowest number of home sales in Jupiter this year. You may think it is from low buyer demand but it is low inventory and limited choices for buyers that are keeping them from purchasing. As we get closer to the holidays you will see sales stagnant for the next month or so. We are seeing a few more new homes coming to the market than are going off but not enough to dramatically change the inventory levels or the buyers choices. What I have been seeing is alot of showings of listed properties but few offers as buyers are still looking for the deals they heard about from their friends that bought last year. Almost every deal I work, no matter if I am on the selling or the buying side the seller seems to be gaining greater leverage in the negotiations. If you look at the sales this week prices are $175 to $200 per sq. ft on average with remodeled homes selling at least $200 per ft and more. I also noticed the new builders homes coming to market. They seem to be raising their prices and giving you less standard features. The new Abacoa townhomes are now listed about $25,000 above last years list price. Just like everything else home prices are inching upwards.

In this week's new listings I want you to look at the beautiful waterfront home in Tequesta Country Club as well as the 7th floor Ocean Royale condo. These two properties caught my eye this week.


This week I want to talk a bit about home owners insurance here in Florida. You can almost guarantee that we will see another increase next year with the storms we have seen in the Northeast. Things to look at when buying a new home. The roof is your biggest factor for a discount on your insurance. A new roof that has been installed after 2005 to Miami Dade code will get you a large savings on your insurance, much more than hurricane shutters. The perfect roof is a metal hip roof on a home built after 2005. Even if you have a new roof put on an older home the straps to the walls will usually have just two nails and now the insurance companies are requiring three nails for the maximum discount. You will still see a discount but a bit less than you would receive for a newer home. Some roofs you really want to stay away from are cedar shake roofs and old shingle roofs. Many insurance companies will not even insure you with these roofs unless they are relatively new. As far as hurricane shutters, they are great to have but they may not save you enough on your insurance to justify the cost to install. Even if you have shutters you have to have every opening protected including skylights and garage doors. There are two types of shutters, the accordion shutters and the panel shutters. If you have panels you will put them up once and never put them up again. They are difficult to install, heavy, sharp and take  along time to install so look for accordion shutters or impact glass when buying a home.  You will see very few homes with impact glass  due to the cost of installation. Impact windows may run you $30,000 to $50,000 on an average size home.  It is important when getting a home inspection to get a wind mitigation report done from your inspector. It will be a requirement to get homeowners insurance. Older homes may also require a 4 point inspection. Any home over 30 years I believe now will require this inspection also. If you have any questions I have a great insurance agent that will answer all your questions.

                           Don't miss new listings

In the upcoming months we are switching to a new MLS system. As we get close I will continue to remind you to email me to keep you receiving the new home listings. If you don't respond back you listings will stop. As we get closer I will let you know the final cut off day. 

                    If you are thinking of buying Jupiter real estate read the local newspaper and see what they say about the local market. Don't rely on National publications. Start reading my reports, analyze the sold's and new listings and read the Palm Beach Post online in the real estate section.

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 Jupiter condos or homes or if you aren't seeing exactly what you want. 


                            Seasonal Rentals


Bluffs Lakes Townhome - Remodeled 2bd/2.5 ba. Fenced courtyard. Community pool, short walk to beach. Available for March and April.

$2,500 March - $2,000 April   Call for photos.



Jupiter Top 10 Homes

My 10 Best list has a few new homes this week. I added one an Ocean Walk home and an Olympus home. 109 Albacore sold in 2010 for $715,000 and is now listed at $815,000 and 112 Olympus was listed earlier this year at $850,000 and is now listed at $945,000. Both are completely remodeled and beautiful homes.   

368 River Edge Rd- Large lot with Intracoastal views. Remodeled. Room for a pool. $798,000 Make an Offer!

330 River Edge Rd- Remodeled Bluffs home with addition. Nothing else like this in the Bluffs- $479,000

193 Ridge Rd- Pool home overlooking Ridge preserve. Beautiful east breezes from this elevated location- $429,000 Reduced $424,000

1475 Via Cameron- Beach home with shared pool. Walk to beach. Great opportunity to live by the beach. $459,000

Ocean Parks - 2 Bd Corner unit with brand new kitchen. Walk to beach, shopping and restaurants. Best value near beach under $200,000. Nearly 1,400 sq. ft. $199,000

Windrift in Jonathan's Landing - 3 Bd/3 Ba with pool. 2,400 sq. ft under air. Join the club for an active social life. Best club value. $499,000

Jupiter Dunes - One level townhome overlooking Estuary for just $299,000. Walk to beach. Shows Great!

                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!


Jupiter Condos     Jupiter Abacoa Homes    Jupiter Homes     Jupiter Waterfront Homes

                                         Singer Island Real Estate

Posted by Jim McLane on
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64 percent of the rodtensenps say the problem is finding qualified candidates for the jobs. The U.S. Bureau of Labor Statistics put the unemployment rate for computer and math occupations (a category that includes actuaries and some other small groups) at 3.8 percent. Hmmm. It seems that a company would be wise to see how many potential employees there are with the skill sets you need, and what you are prepared to pay/do to hire them.As example an example, a company should say: We want the the 90th percentile of people, so we'll PAY in the 90th percentile. Conversely it could say: We casn only pay in the 50th percentile, so we'll go after the 50th percentile people .As the saying goes: To HIRE the best, you need to BE the best. Also, it may be that there are more demands for certain skills than people who possess those skills at ANY price.So: MAKE DO WITHOUT! Didn't your folks tell you you can't have everything you want, no matter how much you want it?I think there are a lot of hiring managers whose folks didn't tell them that. (More's the pity .)-kh

Posted by Sagar on Wednesday, January 23rd, 2013 at 1:52pm

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