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Are the good times really over for Jupiter real estate?
4th straight drop in pending home sales is significant
As I took some time to enjoy the long Labor Day weekend my mind kept drifting back to the question; Just what on earth is going on with the Jupiter real estate market? At one point, as an old Merle Haggard classic played, I was chillaxin by the pool and wondered if the good times were really over.
Friday, I was out with a friend who is in management for one of the largest local real estate brokerages and she was running late for happy hour. After all, closing the books on a month that was the biggest in their history took some time. Our own little Paradise Shark team was celebrating a week where we were blessed to have had 5 closings. A week ago, we counted so many multi-million dollar construction projects underway on Jupiter Island that we had to start using our toes. It was just a few weeks ago when we reported that the Jupiter real estate market was so strong single family home sales reached the highest monthly level we have ever seen. How on earth can the good times be over?
Markets change, they shift, it's like walking ... more
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