After Juno Beach condominium sales jump over 100% last month February sales also show continued strength.
After three months in a row, where we saw only 2 condominium closings in each month, closings in January jumped over 100% to the highest level we had seen since September of 2010. During February we saw this strength continue and our local MLS system shows a total of 4 successful closings as of this mornings’ update. That compares with 5 sales in January and again the 2 highest monthly total we have seen in 5 months.
While sales last month were strong but they were in the middle range of pricing categories with no sales below $248,000 or above $575,000 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 which hopefully will come in the next few reports. The chart below shows the percentage of sales by price category for the month of February.
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 four months the median price jumped to $325,000 from $286,000 in January 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 firstname.lastname@example.org 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