Jupiter Real Estate Market Report

Jupiter Real Estate

Our Jupiter real estate market continues to show strength with over 200 homes selling in November. Our low inventory choices and strong buyer demand continue to put upward pressure on sales prices. In Florida our  YTD sales prices are up 11% where historically prices have climbed an average of 3.5% per year. We have had several years of double digit price increases which tends to show there may be  a possibility for Jupiter home values to slow for 2017. 

A recent article in Florida realtors news stated many communities across the state of Florida are nearing their 2006 boom prices. I know here in Jupiter I'm seeing some Jupiter communities above their 2006 boom prices while others are still far below. A few local…

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Jupiter Island Condos for Sale

Best Deals on Jupiter Island

This week I spent quite some time showing condos on Jupiter Island and usually many of the condos are old, dated and in need of an enormous amount of upgrades. To my surprise I did see some very nice oceanfront condos this week. My first stop was Tequesta Towers at 400 Beach Rd on Jupiter Island. Built back in the early 70's Tequesta Towers are very similar to Ocean Towers North and South, both Divosta built condos. They are located at 100 and 200 Beach Rd just as you enter the island.

Ocean Towers South consists of 4 condos per floor and about 1,700 to 1,800 sq. ft under air. The 01 and o4 units are the corners which offer extra windows and beautiful views both East and to the North or South. The condos don't offer many…

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Jupiter Real Estate Market Report

The last week of home sales in 2014 finished on an uptick. We continued to show  a strong surge in the sub $200,000 and $300,000 market. We saw many small condos and homes sell as both investors and buyers hurried to close before the year end for tax purposes and homestead. This weeks front page headline in the Palm Beach Post read "Region's home prices rise again", South Florida was the rare U.S. market that saw price increases in October. South Florida led the nation for home price gains for the third consecutive month.

They are no longer expecting double digit price increases but with continued high demand and low inventory we should see 3-5% rise in prices this year. We still have available cheap money as well as a large percentage of…

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Jupiter Real Estate Market Report

The last week of home sales in 2014 finished on an uptick. We continued to show  a strong surge in the sub $200,000 and $300,000 market. We saw many small condos and homes sell as both investors and buyers hurried to close before the year end for tax purposes and homestead. This weeks front page headline in the Palm Beach Post read "Region's home prices rise again", South Florida was the rare U.S. market that saw price increases in October. South Florida led the nation for home price gains for the third consecutive month.

They are no longer expecting double digit price increases but with continued high demand and low inventory we should see 3-5% rise in prices this year. We still have available cheap money as well as a large percentage of…

1089 Views, 0 Comments