Found 23 blog entries tagged as Jupiter homes for sale.

Jupiter Real Estate Market Reports

 

I went back a year ago to my September 2022 newsletter to see what the market conditions were. I was surprised inventory was up 10% in our mls yet inventory here in Jupiter has dropped 37%. The entire MLS inventory has just 30,000 homes for sale which runs from Miami to Vero Beach.

 

Jupiter single family home prices have actually risen over last year which shows the desirability of the community. Days on market has slightly increased and we see homes selling quickly when priced correctly. Educated buyers are constantly reviewing the market and they know a properly priced home when they see it.

 

The Jupiter condo/townhouse market shows a little different scenario. Remember more condos are second…

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August Real Estate Newsletter

 

Real Estate Market

This week we saw just 22 new listings come to market which can be expected for this time of year. Mid August till October 1st is a very quiet time for home sales everywhere. We actually saw more price changes (27) than new listings. I have been saying agents are overpricing properties. Many agents will give you a pie in the sky listing price to get you to sign their listing agreement only to come back and badger you for continual price reductions. Sellers are not being educated by their agents and believe just because inventory levels are low that prices and demand are stronger than they actually may be. Unless you have a very specific and special property buyers are spending more time looking…

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Jupiter Homes for Sale

This week we will show you the trending markets for Jupiter, Juno Beach and Tequesta over the past two years and how the market is changing. After reviewing the charts you may better understand our real estate and see what is happening in the market. This may better assist you in making and informed and educated purchase. As you can see our active listings are down to the lowest levels in over two years. Homes for sale here in our area are down 40% to a low of just 851 properties for sale. New listings continue to decline with a high of 391 in March 2015 to just 305 new listings in July. Our days on market(DOM) continues to decline and is also at a two year low of just 58 days. These numbers reflect what is happening in our…

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Jupiter Fl Homes for Sale

 

Moving to a new town can be daunting when you are not familiar with the various different areas. You need some help when starting a search for Jupiter homes for sale. You have read some great articles about Jupiter but you just aren't sure where to start your Jupiter home search. Do you want to live in one of the Jupiter golf communities or maybe one of the Jupiter waterfront homes where you can store you boat and be out in the Atlantic Ocean right out the Jupiter Inlet. You thought it would be easy, type in a price range and up comes all the properties for sale. They all look great on the computer, pictures look great and the narrative sounds terrific. Well I recommend you use the aerial under maps and more and see what…

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Jupiter Fl Homes for Sale

 

Moving to a new town can be daunting when you are not familiar with the various different areas. You need some help when starting a search for Jupiter homes for sale. You have read some great articles about Jupiter but you just aren't sure where to start your Jupiter home search. Do you want to live in one of the Jupiter golf communities or maybe one of the Jupiter waterfront homes where you can store you boat and be out in the Atlantic Ocean right out the Jupiter Inlet. You thought it would be easy, type in a price range and up comes all the properties for sale. They all look great on the computer, pictures look great and the narrative sounds terrific. Well I recommend you use the aerial under maps and more and see what…

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Jupiter-Juno Beach- Singer Island Real Estate Market 

The Jupiter real estate market started  2018 with a slight slowing from previous years which could be to the bad weather up North, rising prices, limited inventory and a stock market at record levels. People are talking about 2006 and the market crash that followed. I feel many people are just unsure of the economy and wondering can home prices continue to rise or are we going to see a repeat of 2006.  Come February we are seeing an uptick in buyer interest and inquires but sales are remaining sluggish in some markets. Even with the rapid escalation in prices we are not in the same market as 2006. 2006 was pure speculation and money was free flowing. Mortgage companies have become quite strict…

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                                     Jupiter Real Estate

Before we speak about Jupiter real estate and whats happening in the housing market I want to speak to you about other areas of the country and their real estate markets. I traveled last month and had an eye opening experience of local real estate out West. 

I happened to time the perfect vacation out West this year leaving just a few days before Hurricane Irma visited Florida and caused power losses, empty food shelves as well as gas stations without gas. Instead I spent a few weeks out in Colorado , Jackson Hole and Idaho. It was a wonderful trip and of course being in real estate I spent a fair amount of time looking at homes at every town we visited. I reached out to several local realtors…

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Jupiter Real Estate

Today I'm going to present you with some interesting statistics regarding Florida properties including Palm Beach County properties and Jupiter properties. Our MLS covers properties from Fort Pierce down to Miami which is a very large area and it can not accurately reflect smaller areas that are more local in nature.  I will show you this below and it will give you a better understanding of the Jupiter real estate market.

 

The first three graphs represent the entire MLS area I mentioned above. As you can see the absorption rate is about 5.9 months which is falling after reaching a peak of 6.8 months in March 2016. This number is the number of months it would take to sell the remaining homes if no new homes were brought to…

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             2016 Jupiter Real Estate Forecast by Alexander Clough

  The year ahead: More growth for county but housing costs raise fears   The Jupiter real estate market will continue its bull run, as housing and commercial projects in the pipeline start or complete construction.
Now, the bad: Rising housing costs will make it difficult for people moving here to find an affordable place to live. Construction might be slowed by higher land costs and spikes in labor costs, thanks to a limited supplies of skilled subcontractors. And, has been the case for several years now, there's no new office space to be had.   Last year was a good one for corporate deals, including the blockbuster announcement by United Technologies that it would…

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What's happening in the Jupiter real estate market?

I continue to watch the new listings coming up for sale in the Jupiter real estate market. What I am starting to notice is how many of the listings are recently updated. This is not what I am use to seeing.  I immediately start looking at the tax records and review the sales history of the properties. As I expected all are recent sales that have closed in the past 2 years and in many cases at nearly half the price they are listed for now. Granted they are been remodeled but many remodels look great on the surface but aren't done with quality materials or workmanship.

 

This week two properties caught my eye. I had to check twice to make sure the prices were correct. Usually these condos sell…

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