What's a Good Boat Dock Worth Today; 65' Jupiter Foreclosure Worth Watching

By
Real Estate Broker/Owner with Paradise Sharks BK3087579

 

 

Need space for your 65' boat? I have been keeping an interested eye on a dock in Jupiter as it is a foreclosure that has already been on the market for 94 days. Originally listed at $159,900 back in October they have been chopping the price $10,000 a crack about every thirty days. The last price reduction took it down to $129,900 which is just about a 50% discount to the last sale back in September 2008. Not sure how closely dock sales mirrored the overall real estate market but this last sale was a good 2.5 to 3 years after the peak.

 

This is really kind of an interesting perspective that I am going to continue watching. So what was this dock worth in days of yore? Well I find four previous sales;

 

In December of 1994 this dock sold for $45,000

 

In February of 1996 it sold again for $65,000; a very 44% increase in just about 14 months.

 

In April of 2001 it was sold again this time for $80,000; here is took 62 months for the value to increase by about 23%.

 

The last sale was in September 2008 for the hefty sum of $260,000 a huge 225% jump in a little less than 7 1/2 years.

 

So where has the value gone today? At some point a  buyer will surface and let us know.

 

If you are looking for a dock, or maybe something on firmer ground, "Results Driven Real Estate" would love the opportunity to provide a complimentary consultation and a careful review of your real estate goals.

 

 

Always at Your Service,

 

 

Tom Priester   e-PRO

"Results Driven Real Estate"

 

Keller Williams Realty

561 308-0175

tom@tompriester.com

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Topic:
Real Estate Market Trends
Location:
Florida Palm Beach County Jupiter
Groups:
All Things Florida
Tags:
jupiter boat dock for sale
tequesta boat dock for sale
north palm beach boat dock for sale
hobe sound boat dock for sale

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Tom Priester

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