Here is a picture of our middle baby, Kiwi, as she looked over a number of homes for sale in the Island at Abacoa back in 2008. If she was looking today she would see that things have changed, man oh man have they changed.
We are still a few days away from me finding the time to complete my 2011 market wrap and look forward to what should be another great year for south Florida real estate. Working on the numbers I knew that … (3 comments)
jupiter homes for sale: Jupiter Median Single Family Home Price Hits 3 Month High in September
- 10/07/11 09:03 AM
Jupiter Single Family Market was the Areas Strongest in September Another very interesting week on the front lines in the south Florida real estate market. Of note is a significant increase in foreclosures in Palm Beach County, the continuation of declining inventory levels and interest rates that remain at all time historical lows. We also say goodbye to Steve Jobs who made a bigger impact on our technological world than anyone; as I type this blog on my MacBook while listening to music on my iPod. We tend to see the market through our own eyes and thankfully I am as … (0 comments)
jupiter homes for sale: Tequesta Home Inventory Down 27%
- 09/01/11 02:46 AM
Inventory levels throughout the north county area continue to shrink and this continued reduction is certainly having its effect on sales. We have seen sales levels drop over the past couple months and from my perspective this has more to do with fewer selections than fewer buyers. Todays buyers are still strongly driven by price, looking for the proverbial “deal” and they are harder and harder to find. We still have overpriced inventory with some sellers refusing to let go of visions of 2005 prices. Much of the talk on the street among real estate professionals surrounds shadow inventory; how much … (1 comments)
jupiter homes for sale: Jupiter Pending Home Sales Drop for the 3rd Straight Month
- 08/19/11 10:27 AM
What a difference a month makes and a lot has happened since we last updated the pending sales data in the north county area. The biggest news affecting us all was the downgrading of the credit rating of the United States. One would think that would make interest rates jump but alas the Fed jumps in and announces they are going to try and keep them artificially low for at least the next two years. I, for one, certainly hope they can but I think that was more posturing in order to calm the equity markets more than anything else.
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jupiter homes for sale: July in Jupiter Meant Fewer Home Sales; August Numbers Worth Watching
- 08/13/11 08:42 PM
July Home Sales in Jupiter Show Some Strength After what has been an unbelievable spring and summer buying season I was chomping at the bit to pull the final numbers for home sales throughout the region for July. With all the negative news on the economic road map perhaps the best bit of news was the Fed’s announcement that they will try to keep interest rates artificially low for at least 2 more years. Great news indeed for homebuyers but let’s see if they alone can keep rates down this low.
We started off this months update with single family … (3 comments)
jupiter homes for sale: Jupiter Available Home Inventory Drops Off the Chart; Again
- 07/02/11 03:25 AM
A couple weeks ago I took an advance look into inventory levels in Palm Beach County and at that time it looked like we might see a slight uptick when I completed my monthly report. But alas, here we are at the beginning of another month with another report of declining inventories throughout northern Palm Beach County. Finding the right home for our clients continues to become more and more difficult.This month in Jupiter inventory levels continue to go lower and this marks the 5th straight decline and another new record low. The net inventory of real estate currently for sale … (3 comments)
jupiter homes for sale: Jupiter Home Sales Take a Breather After Strong Spring Buying Season
- 06/13/11 12:42 AM
Jupiter Single Family Home Sales Down 27% During May The strength of the spring home buying season in Palm Beach and Martin Counties has been nothing short of spectacular. Inventories as reported here are at year long lows and interest rates were down again for the 8th time in 9 weeks. I wondered just how long can we keep this party going as I sat down to put together the final sales numbers for May. During the month our local MLS system shows a total of 73 successful single family home closings in Jupiter as of this mornings’ update. That … (0 comments)
jupiter homes for sale: Another Fantastic Foreclosure Opportunity Coming Your Way in Jupiter
- 05/27/11 06:56 AM
Soon to hit the market this beautiful 4 bedroom 4 bath home will sell quicklyLocated in one of Jupiter's most recently built neighborhoods this four bedroom Mediterranean beauty is likely to draw a lot of action the moment it hits the market. The "Mariposa" was one of the larger floor plans available to original purchasers in the community and the last three sales of the same model have been all over the board;A short sale home being snapped up at the bargain price of $367,000 back in September of 2010A "traditional sale" purchased in February of this year for $423,000A "traditional … (2 comments)
jupiter homes for sale: Jupiter Pending Home Sales up for the 6th Straight Month
- 05/15/11 10:09 PM
Thirty days ago I reported here how every one of my main market areas in north Palm Beach County with the lone exception of Palm Beach Gardens reported increases in pending home sales for the third month in a row, most of which set new year long highs. These statistics showed a local real estate market that continues to recover quite nicely. Once again I was excited to get back to the data this month and see what has transpired since then but based on the activity I am seeing things continue to get better and better on the real estate … (0 comments)
jupiter homes for sale: Jupiter April Home Sales Very Close to Important Milestone
- 05/10/11 09:22 AM
Jupiter Single Family Home Sales Very Close to Triple Digits! After jumping 68% in March Jupiter single family homes sales remained very solid during April jumping another 5% to another brand new high for the year. During the month our local MLS system shows a total of 99 successful closings as of this mornings’ update. That compares with 94 sales in March and a solid continuation of a market improving even though prices are still being held down by the foreclosure sales. While the number of sales were very strong last month they also were well balanced with only the $750,000 … (0 comments)
jupiter homes for sale: Jupiter Home Inventory Levels Take Another Sharp Drop
- 05/01/11 01:44 AM
It is remarkable how happy everyone is around the office these days. Keller Williams Realty in Jupiter continues to thrive and grow and everyone seems busy, busy, busy. Inventory levels, as reported here every month at this time, continue to drop which shows how well the local real estate market has been recovering. Sales remain strong and there is truly a shortage of quality homes in the below $400,000 price categories. Working with numerous clients trying to find a home is difficult and we are often faced with multiple offer situations. Local inventories are full of homes that have quality … (0 comments)
jupiter homes for sale: Jupiter Florida Pending Home Sales Up for 4th Month in a Row to Another New Record High
- 03/15/11 06:39 PM
Last month at this time I was so pleased to report how every one of my main market areas in north Palm Beach County reported increases in pending home sales which shows a local real estate market that continues to recover quite nicely. I was excited to get back to the data this month and see what has transpired since then but based on the activity I am seeing things continue to get better and better. It really is very difficult to find good properties in many locations in certain price ranges. Pending and contingent home sales data are very important … (0 comments)
jupiter homes for sale: Jupiter Pending Home Sales JUMP Off the Chart
- 02/15/11 03:18 AM
Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what the future might bring for my clients.
When a bilateral contract is entered into there are typically contingencies, historically mainly for home inspections and financing, but in today’s world many times they are short sales waiting for third party, or bank approval. Once these contingencies … (0 comments)
jupiter homes for sale: Jupiter Housing Inventory Increases 3.6% During January
- 02/02/11 08:03 AM
After all the great news we passed your way last month about housing inventories continuing to drop across the market areas I service I could hardly wait to run the numbers when I finally got to the computer today. Last month at this time we reported that Jupiter inventory levels had dropped for the 4th time in 5 months which is a great sign of a market continuing to recover. So what has happened since then........ Well, I started off this month’s reports with the Tequesta market which had inventory levels remain steady and I thought I would let … (0 comments)
No homes for sale in the Island at Abacoa; none, zippo, nada, zilch, zero!
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