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Condo Prices in Jupiter Remain at 7 Year Highs
 
Sales numbers fall for 3rd straight month
 
We knew the real estate market here in the Northern Palm Beaches was going to be interesting this summer. It turns out that median condo prices in the area are fighting. They are fighting inventory levels that continue to drop. In their corner are sales. As of July 15th the fight is close with median condo prices in Jupiter and the surrounding communities unchanged over the past 30 days. Pitifully low inventory levels are doing all they can to keep prices moving higher with waning demand telling the referee buyers aren’t willing to pay more. At least not right now. It is indeed a very close fight.
 
 
As of this week, median condo prices in Jupiter remain at $210,000, exactly where they were one month ago. This fight has kept the median sales price in the area 8.1% above the 12 month moving average and 9% better than year ago figures. Before, during and after the bubble, condo prices have historically been much more volatile than single family homes but lately they have not done much staying in a very tight range between $200,000 and $210,000 for 4 months.
 
We also knew sales would drop over the ... more

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