Jupiter Condo Prices Up Again to New 6 Year High

Closing in on $200,000 benchmark

As of September 15th Jupiter condo prices are up again. Up for the 5th time in six months bringing us to the highest median prices we have seen in the Northern Palm Beaches since 2008. Demand for well priced units remains high and while sales are pulling back it is mainly because buyers have little quality inventory to choose from.

Condo Prices

Jupiter condo prices were up a little over 1% from month ago numbers while staying about 9% above year ago numbers. With the decline in units being put under contract we expect median prices in the area to hold steady and even pull back slightly. That reversal should be short term as the first 6 months of the year is when we see the highest volume of sales. Once our seasonal visitors start returning next month they should start effecting sales that closed in January and beyond. There is no reason we should not exceed strong historical seasonal sales so watch for more sales and higher prices through May of next year.

The best buildings and locations are seeing new listings snapped up quickly with record prices in the very best locations, exceeding records set back in 2005-2006. We will look at the most recent condo sales numbers tomorrow but Jupiter condo prices remain firm. Paradise Sharks remains bullish on prices moving higher in the coming months. There may be a slight pullback for the next couple months but watch out come January. Always interesting, always fun.

Fins up…..
Tom Priester
Principal Broker

Paradise Sharks Real Estate
561.308.0175
tom@paradisesharks.com

http://www.paradisesharks.com

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Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

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