jupiter real estate: Home inventory growth slows in paradise
- 04/01/16 04:15 AM
The number of homes on the market for buyers to select from in the Northern Palm Beaches has been steadily rising. As of April 1st, inventory levels are up again, but starting to slow. Over the past couple weeks inventory has only risen about 6 tenths of one percent. In real numbers that means a total of 14 more listings for buyers to choose from throughout the entire Northern Palm Beach region. Barely noticeable.
So what does that mean for the market? We cannot say it often enough. The local real estate market is constantly changing and each property is totally different … (0 comments)
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jupiter real estate: Jupiter area home inventory rises for 5th straight month
- 02/18/16 08:48 AM
We are in the middle of “season”. It’s when people from all over the world come for our weather, our beaches, our golf courses, our restaurants, our shopping, our amazing quality of life. There are so many variables that determine how many homes they buy while here and one extremely important metric is home inventory, or what is on the market for them to buy.
The number of homes for sale in the Jupiter area continues to grow. As of today, inventory has increased 4.4% since the first of the month and 10.3% over the past 30 days. Last year during this … (0 comments)
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jupiter real estate: Northern Palm Beach County real estate market remains dysfunctional
- 12/01/15 04:00 AM
Inventory levels up to 6 month highs
Anyone looking to buy or sell real estate in and around the Jupiter area more than likely have a question about just what is going on. Some segments are doing very well with the best waterfront opportunities selling at record prices. We are seeing brand new record high sales prices in communities like Rialto and inventory in many communities near the beach is non existent. Many sellers are pricing their homes “ahead of the market”. Another record breaking “season” is already underway. Try and find a new single family home in the area for … (0 comments)
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jupiter real estate: Northern Palm Beaches real estate market remains a puzzle
- 11/14/15 08:41 PM
Are there brighter days ahead
I have come to trust the numbers when it comes to real estate because they tell a story. They told me a story in 2005 when I told anyone who would listen to sell. They told me a story in 2011 when I told anyone who would listen to buy. I hate the fact that homes have become a commodity but they have. And the numbers can help you make wise decisions.
The numbers today are puzzling. Pending home sales have been dropping. Median prices have been dropping. Inventory levels have started to rise. Prices at new home … (1 comments)
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jupiter real estate: Low Inventory Again Plays Role in Lower Jupiter Pending Home Sales
- 10/16/11 05:01 AM
Jupiter Pending Sales Drop to 9 Month Low
The local real estate market continues to chug on down the road towards another season and our northern friends can already be seen around town. Every time I drive by one of the clubs a truck is out front unloading cars. It will be interesting to see the impact they have on real estate sales in the upcoming months. One thing for sure is the market is constantly changing; this week interest rates were up considerably as were foreclosures for the second week in a row. Inventory levels remain very low … (1 comments)
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jupiter real estate: Steady Home Sales Once Again in Jupiter
- 09/08/11 07:29 AM
Jupiter Single Family Home Sales Pick up During August
Another month rolls on, summer is now officially in the rear view mirror, as we start off the fall season looking back at sales during August in the north county area. This month we are going to start giving our “power rankings” of the different municipalities and will post the blogs starting with the lowest ranking and continuing through the star of the month. So here for our first ever power rankings are the results for August;
#1 North Palm Beach
#2 Tequesta
#3 Jupiter
#4 Palm Beach Gardens
#5 … (0 comments)
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jupiter real estate: 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.
… (0 comments)
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jupiter real estate: 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)
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jupiter real estate: Jupiter Inventory Levels Set Another New Low in July
- 08/08/11 10:55 PM
Watching the inventory levels continue their monumental drop has really been a thing of beauty. Month after month we report new annual lows in home inventory levels throughout the north county area. This month is no different as we again need to adjust the scale on our charts to handle the new lows. No doubt we need to see these levels maintain and while it is making it ever more difficult to find price driven buyers to homes that meet their expectations no doubt this is a critical metric for future price appreciation.Last month in Jupiter inventory levels continue to go … (0 comments)
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jupiter real estate: Jupiter Pending Home Sales Show Continued Strength of Local Market
- 07/16/11 01:23 AM
Every month at this time we take a look at the level of pending real estate sales in the north county area as it is the most important metric when determining what future sales will be. Everyone had an amazing spring with stronger sales than we have had in years. Interest rates remain at historic lows, we have seen an interesting drop in foreclosures and inventory levels are at year long lows. Sales reported here for June were tremendous and things are looking up. Or are they?
Our May 15th reports throughout the north county area showed pending sales at … (1 comments)
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jupiter real estate: Jupiter Single Family Home Sales Jump Over 6% in June
- 07/10/11 09:59 PM
June Single Family Home Sales Very Solid in Jupiter
Last month we reported how sales had fallen during May as we transitioned from a very strong spring buying season into the summer months. Yesterday I started off the monthly updates with Hobe Sound and the numbers look excellent for June then followed up with Juno Beach condominium sales which were hardly stellar. As I start up again this morning I am thinking we should see other areas reporting solid June sales as everyone has been so busy it would be hard to think otherwise. So we start up again today with … (1 comments)
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jupiter real estate: 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)
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jupiter real estate: 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)
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jupiter real estate: The Incredible Shrinking Jupiter Home Inventory
- 05/31/11 10:47 PM
The smiles continue to shine around the offices of Keller Williams Realty in Jupiter as the local real estate market continues to thrive and recover. As we report on the first of every month we continue to watch inventory levels to see just how strong this recovery is. As we head into summer and put the spring buying season in the rear view mirror let’s see what has happened to inventory levels over the past month. This month in Jupiter inventory levels have once again moved in a positive direction and with another significant drop and another new annual low. The inventory … (1 comments)
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jupiter real estate: Jupiter Pending Home Sales Make Big Jump; 5th Straight Increase
- 04/14/11 10:13 PM
Thirty days ago I reported here how every one of my main market areas in north Palm Beach County reported increases in pending home sales for the second 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 front lines. It really is very difficult to … (0 comments)
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jupiter real estate: Jupiter Single Family Homes Sales Off the Charts in March
- 04/06/11 07:08 PM
Jupiter Single Family Home Sales Hit New Year Long High.
After falling slightly in February Jupiter single family home sales soared like an eagle during March jumping 72% to a new yearly high. During the month our local MLS system shows a total of 91 successful closings as of this mornings’ update. That compares with 53 sales in February and a continuation of a market improving even though prices are still being held down.
While the number of sales soared last month they remained intrenched in the lower price ranges with 84% of all sales below $500,000. The local market is … (1 comments)
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jupiter real estate: Interest Rates Up Last Week and Bear Watching; Closely
- 03/28/11 10:07 AM
Interest rates up for the 1st time in 3 weeks.
Interest rates increased last week but still remain very low and the market remains perfect for buyers and those who still have not taken this historical opportunity to refinance. As of Sunday the average overnight rate, as reported by Bankrate.com, for a 30 year fixed rate sits at 4.81% up 5 basis points from the 4.76% we were at last the previous week. Remember this is the average overnight rate and those with good credit will still be able to lock in … (0 comments)
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jupiter real estate: Interest Rates Hit a 2 Month Low
- 03/20/11 12:37 AM
Interest rates down for the 4th time in 5 weeks.
Interest rates dropped again last week for the 4th time in 5 weeks and are now at the lowest we have seen since January 16th. As of this morning the average overnight rate, as reported by Bankrate.com, for a 30 year fixed rate sits at 4.76% down 6 basis points from the 4.82% we were at last Sunday. Remember this is the average overnight rate and those with good credit will still be able to lock in rates below these averages. The overall sentiment is for rates to be … (1 comments)
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jupiter real estate: 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)
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jupiter real estate: Another Fantastic Month for Jupiter Single Family Home Sales
- 03/07/11 02:07 AM
Jupiter single family homes sales post another strong showing in February.
February home sales in Jupiter were respectable in number with another strong showing in the sales of luxury homes keeping up close to 12 month highs for median prices. During January our local MLS system shows a total of 53 successful closings as of this mornings’ update. That compares with 54 sales in December and once again within the range we have been seeing over the past 7 months
While sales last month were steady they were also across all price categories with another very nice showing in the $1,000,000 … (0 comments)
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The number of homes on the market for buyers to select from in the Northern Palm Beaches has been steadily rising. As of April 1st, inventory levels are up again, but starting to slow. Over the past couple weeks inventory has only risen about 6 tenths of one percent. In real numbers that means a total of 14 more listings for buyers to choose from throughout the entire Northern Palm Beach region. Barely noticeable. 
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