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 Jupiter single family sales and Voila the numbers are solid. During the month our local MLS system shows a total of 80 successful single family home closings in Jupiter as of this mornings’ update. That compares with 75 sales in May and a fantastic way to start summer here in Paradise.
Not only were sales levels great but the fact that they came in every pricing category was also good news. Especially strong were the sales in the $500,000+ price range which accounted for 28% off all sales for the month. The chart below shows the percentage of sales by price category for the month of June.
With the fantastic upper end sales we would expect to see very good numbers for median priced sales for the month and we were not disappointed. June’s number came in at $347,500 and the 3rd highest showing of the past year. We were very happy to report over the weekend that foreclosure numbers were down for the 8th consecutive week which is the first step in getting prices to move even higher. The chart below shows median prices on a monthly basis over the previous 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 throughout Palm Beach and Martin Counties.
Always at Your Service,
Tom Priester e-PRO
Results Driven Real Estate”
Keller Williams Realty