Jupiter’s Funky Fishing Village is Next Destination of Choice

Housing inventory in Jupiter’s Funky Fishing Village is only 2.6 months

With only 4 active listings, potential buyers of real estate in close proximity to Jupiter’s Funky Fishing Village, do not have much to choose from. Based on 12 month sales figures the available inventory signals a seller’s market with prices under pressure to the upside. Way upside.

Jupiters Funky Fishing

Just how “hot” is real estate in the Funky Fishing Village you wonder. How about that wonderful 55+ community on the inlet where we had 2 sales over the past year. Those units closed at $155,000 and $157,000. Certainly a new listing at $215,000 would get a little pushback at a price 37% above the highest priced recent sale. Some pushback, as it was snapped up in the first day after multiple offers and a highest and best situation.

Maybe prices aren’t moving that fast in Jupiter River Park, where you do get the land under your mobile home? Unlike Suni Sands, where residents have already been told it’s time to get out. Across A1A it’s a different story as a developer is going to have to make a solid pitch of big money to ever get anything done there. Until then if you want your own mobile home in Jupiter’s Funky Fishing Village it is going to cost you. Over the past year we have had 3 sales ranging from $155,000 to $175,000. Only one unit for sale and it is already under contract so you’re too late. Oh, and by the way it was listed for $275,000 or 57% above the highest price sale over the previous 12 months.

It’s funky. It’s hot. And the best is yet to come. Last year, the highest priced sale in the district closed at $390,000. Fast forward and we have a trailer that is about to close at a quarter of a million dollars. And the best is yet to come.

The centerpiece of the new and improved Jupiter’s Funky Fishing Village is going to be right where those Suni Sands residents are being evicted by the new owner. Charles Modica paid about 17 million dollars for the property back in 2013. It is similar to Jupiter’s Harbourside Place as both parcels contain about 10 acres and both projects involve investments of well over 100 million dollars. You think that Harbourside Place changed the “feeling” of Jupiter? The roadwork we are dealing with now along A1 is just a sign of what is coming. It’s going to be big. Really, really big.

Look for a project containing a residential element that will leave the recent highest priced sale of $390,000 and quarter million dollar trailers in the dust. Current plans are for a dozen key west cottages and of course another 220 room hotel.

Paradise Sharks loves Jupiter’s Funky Fishing Village and we have even secured http://www.jupitersfunkyfishingvillage.com. We plan on developing a site to bring you the latest news as it happens in the Village. If you want to be the first to know of new real estate opportunities in the area please feel free to reach out to us at 561.308.0175 or tom@paradisesharks.com.

Fins up…..

Tom Priester
Principal Broker

Paradise Sharks Real Estate
561.308.0175
tom@paradisesharks.com

Advertisements

Published by

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?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s