Juno Beach Condominium Sales Dreary During December
As I sit down to finish up my final articles about the metrics of the 2011 south Florida real estate market I am excited about what the new year will bring. There are many positive signs and I am looking forward to finishing up this review of December sales in the region so we can put together the recap of 2011 and our projections for 2012. But first things first let’s see how things panned out in the final month of 2011. During December our real estate sales power rankings ended up looking like this;
#2 North Palm Beach
#3 Palm Beach Gardens
#4 Hobe Sound
#6 Juno Beach down 66%
Last month we reported how sales were down throughout the north Palm Beach County area and it was great to see a robust rebound to end up the year. Five of the main market areas reported increases and some were rather dramatic with the only segment losing ground being the condominium market in Juno Beach.
This month’s 6th place finisher in our sales power ranking are condominium sales in Juno Beach that remain flat and dropped to a new 12 month low. The condominium market is one that still has significant room for improvement in many regions and Juno Beach numbers continue to be poor. In December we had only 1 sale which was the poorest monthly performance since August of 2010. We dropped from the 3 sales we had in November and are certainly hoping for a better showing in January. We also fell further below the 12 month average which stands at 5 and also below the 2 units that sold in December of last year.
While sales levels were very low it at least was a unit that sold for $445,000. With the low sales it was been nice to see a more expensive unit sell but we can hope for better now that the season is upon us. In fact I will guarantee a better performance in Juno Beach during January. The chart below shows the percentage of sales by price category for the month of December.
With the one sale coming in a solid price range we would expect to see the median sales price increase and that is of course what it did. We actually saw a big jump in median price to $445,000 from the $250,000 median we experienced in November. With this showing we set a brand new 12 month high and naturally stayed well ahead of the 12 month average of $329,354. We also stayed far above the median price sale of $190,750 we saw in December of last year. The chart below shows median prices on a monthly basis over the previous 12 month period.
This crazy world of real estate is what I thrive on and nothing gives me more satisfaction than assisting other in finding that perfect home and negotiating the best pricing and terms or listing and marketing their current home to achieve the best results. Your free consultation is but a phone call away so if we can be of service in any way to you, your friends, family and colleagues please do not hesitate to give me a call. Easily reached at 561 308-1075 or via e-mail at firstname.lastname@example.org we are here to assist in any way that we can.
Always at Your Service,
Tom Priester e-PRO
“Results Driven Real Estate”
Keller Williams Realty