Jupiter Condo Prices Soar…..Up 58.7% Since 2011

Median Northern Palm Beaches condo prices up 5.8% in just one month

It isn’t a surprise that the median Jupiter condo price moved higher for the second month in a row. Sales in the area have jumped 65% since January while available inventory has declined. We expect prices to move higher and frankly have been a bit surprised they haven’t moved higher. Well, as of April 15th they have. In a big way.

CONDO PRICES
Over the past 30 days, median Jupiter condo prices, and those in the neighboring communities, have soared. Up an amazing 5.8% in one month. Now these are the numbers we have been telling you were coming. Big, huge, historic one month numbers and once again it is up, up, up across the board. Up an amazing 5.8% in one month, up 5.1% above the 12 month moving average and get this…..up 16.3% from a year ago.

Jupiter condo prices are back up to the highest levels we have seen in 7 years. We are up 58.7% from the lows we experienced back in 2011 and we are heading higher….at least for another month. It was six weeks ago when we told you to bet the farm that single family home prices were moving higher for the 2nd straight month. We thought it was a slam dunk and while prices did move higher not like we thought. Well bet the farm again as single family home prices will be moving higher for a 3rd straight month and we expect more meaningful increases when those final numbers are published in a couple weeks.

We track these numbers daily so we can anticipate the market and properly inform our clients. Over the past week pending home sales have pulled back slightly while available inventory continues to shrink. Be informed, get educated and make wise real estate decisions.

Fins up……

Tom Priester
Principle Broker

Paradise Sharks Real Estate
561.308.0175

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?

One thought on “Jupiter Condo Prices Soar…..Up 58.7% Since 2011

  1. Found your article about Jupiter while researching Palm Beach County real estate stats. This is great news for home owners, as well as Palm Beach County realtors/brokers!

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