January was a Strong Month for Juno Beach Condominium Sales

By
Real Estate Broker/Owner with Paradise Sharks BK3087579


After flat December sales Juno Beach condominium sales jump 100% during January.


After three months in a row, where we saw only 2 condominium closings in each month, closings in January doubled to the highest level we have seen since September of 2010. During January our local MLS system shows a total of 4 successful closings as of this mornings’ update. That compares with 2 sales in December and again the highest monthly total we have seen in 4 months. 






While sales last month were strong but they were in the middle range of pricing categories with no sales below $205,000 or above $550,000 We still have some large inventories in the luxury condo market and it would be nice to see an increase in activity in those categories. The chart below shows the percentage of sales by price category for the month of January.





With sales falling almost entirely into the middle price categories it was still enough to cause a healthy increase in the monthly median price. Mainly due to  much lower priced sales over the previous three months the median price jumped to $338,000 from $190,750 in December. With the season in full force I am hoping for stronger showings over the next few months. The chart below shows median prices over the preceding 12 month period.





I watch these market trends very closely as the data is very important to our clients, whether they are buying or selling, to paint a picture of where the market may be heading. If you would like any additional information on a specific home, neighborhood, or community please feel free to contact me. I am easily reached at 561 308-0175 or via e-mail at tom@tompriester.com and would be happy to be of assistance with any of your real estate questions. After just one call you will know why "Results Driven Real Estate" is your top choice for professional real estate services in Juno Beach and the surrounding areas.



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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