Jupiter Condos &Homes & Jupiter Real Estate Blog

  Jupiter Home Report                                    

This week we saw Jupiter home sales  stay status quo at 49 homes. Good news for home sales. There is one home I want everyone to look at which sold this week. 913 Loxahatchee Dr. This home came to market at $750,000 and went under contract immediately. The buyer had problems so they re-listed it and raised the price to $850,000. Home sold in less than 2 months at $795,000. It was on my 10 Best list when it came out at $750,000. Jupiter waterfront properties are hot sellers. Limited supply causes high demand for waterfront properties here in Jupiter.

We have a few good articles this week. One from the Palm Beach Post and the other from the Wall Street Journal. Take a look at them. Good news is we are starting to see some new properties come on the market. We sure need some more inventory to sell. It should be an interesting season as this will be the first season with lower levels of inventory and few choices for buyers. I'm thinking many buyers are going to be disappointed with the options they have to choose from this year. Lets see in a few months.

Looking for a specific property, just email me your criteria and I will get you set up to start seeing new properties that come to market. 

          Will 2013 Be the time for Home Buyers to Jump?

Home prices are finally starting to recover, but they're still low enough to get a great deal. Add to that interest rates that are at historic lows, and 2013 may be the time for first-time home buyers to finally get in the game.

"We think the answer, definitively, is that home prices have bottomed," says Stan Humphries, chief economist of real-estate firm Zillow. "Right now, buying looks very attractive, even for short-term time horizons."

                         Click here to Read full article

 Rise in Palm Beach County home sales cuts into inventory

 According to a report from the Realtors Association of the Palm Beaches, existing single-family home sales increased 22 percent in October from last year, and were up 12 percent from September. Prices also climbed with the median sales price jumping 23 percent from last year to $222,500.

But West Palm Beach Realtor Shannon Brink likened the choices of homes available to a department store clearance rack a week after a sale. Inventory has dropped 55 percent from last year to a 4.7 months’ supply in October.

“There is nothing left but the items no one wants,” said Brink

                                             Click here to Read Full Article

Both articles are saying what I have been saying for sometime and that the true buyers need to be getting new listings emailed to them each day. If it is a great property it is gone within days. Buyers are still expecting beautifully remodeled homes at inexpensive prices. Buyers expectations are high and with this limited inventory your choices are slim. The game has equaled out in some instances the buyers have the upper hand and others the sellers. It all depends upon the motivation of the seller. I tell sellers with prime properties to hold their numbers, they will get a decent price. Buyers have to move fast, be ready and you may lose a few deals to cash buyers or buyers paying above what you think it is worth. There are more buyers than sellers and some sellers are jumping in to sell but are firm on their prices.

                         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.

Bella Vista One story Villa - 3bd/2 ba. Fenced courtyard. Walk to beach & Carlin Park. Available Jan 15 - $3,500 / month. Call for photos.

Jupiter Top 10 Homes

My 10 Best list has a few new homes this week. I added  a Sea Colony home which is a great value, a penthouse in JOG and a few less expensive condos.

208 Mainsail Circle- Sea Colony home with lake view. 2 car garage, walk to beach. Great Price! - $475,000  This is the deal!

131 Ocean Grande Blvd #808 - Corner penthouse  in Jupiter Ocean Grande. Just listed! $1,100,000

161 Brier Circle - Divosta duplex with lake view, pool and 2 car garage.

2301 Marina Isle Way- Penthouse Bluffs Marina with marina views

780 Bella Vista Ct. 3 bd/ walk to beach.

Jupiter Yacht Club Penthouse - Incredible Intracoastal views. Just reduced $100,000 to $1,095,000. Take a look.

190 Bandon Ln- 3,474 sq. ft under air with impact windows. Corner lot. Just reduced to $535,000.  

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

Back on Market

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

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!

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