Another Solid Month For Jupiter Condo Sales

Latest figures 12% higher than 2013 numbers

While Jupiter condo sales dipped slightly for the 30 day period ending September 15th they remain very solid indeed. Consider that last year this period was the weakest month of the entire year the same cannot be said in 2014. While Jupiter condo sales fell 13% month over month and remained just about the same 13% percentage behind the 12 month moving average it was another great month with condo prices moving higher to new 6 year highs.

Condo Sales

With Jupiter condo sales, cash remains king with 72% of all sales having no loan attached to the transaction at the closing table. This number is in line with the 12 month average of 71% but far ahead of the 60% we saw during the same period last year. Just two days ago the Florida Realtors® released their August figures showing median condo pricess in Florida were at $135,000 up 3.8% from last years’ numbers. They further reported the Florida market is seeing stability and consistency with the inventory of condos statewide up 8.9% from 2013 numbers.

Here in the Northern Palm Beaches we wish we had that problem as we actually have fewer condos available than we did last year at this time. With cash transactions growing, median prices 46% above the state wide average and an off the wall, crazy busy season heading right at us anything can happen but we are watching for fireworks. At this moment the market is being hampered a bit by significantly lower numbers in pending home sales but we have not yet seen them affect Jupiter condo sales figures. With little new construction coming on line and demand from international buyers at record highs it looks like sunny skies ahead for condo prices. If inventory remains low watch out as movement to the upside could be significant. If you are looking to buy use the pull back we should see over the next 60 to 90 days to your advantage. If you need assistance buying or selling a property throughout Palm Beach and Martin County and are looking for quality and value in your real estate partner then look no further than Paradise Sharks as we are here to assist in any way that we can.

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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