Jupiter area condo prices continue to rise

April continues to shape up as a strong month for the real estate markets in the Northern Palm Beaches. As of April 15th, the median condo price in the area is up again for the 3rd straight month. Over that 90 day stretch the median price of a condominium in the Jupiter area is up over 6.2%.

MEDIAN CONDO PRICES

While 2016 sales levels continue to lag behind year ago numbers, April is looking to be a month we may start catching up. Last year there was no growth in pending home sales in the Jupiter area and here we are on April 23rd and so far up about 6.7% for the month.

Over the past month, actual closings of condominium sales have rebounded nicely with more units sold in the Jupiter area than we have seen in ten months. Condominium sales are up over 60% from where they were just a couple months back.

But do not get complacent as we are seeing signs of consolidation and even some slowing, especially in the single family market. There is no doubt about the fact that the condo market has outperformed the single family segment so far in April. Big discrepancies in inventory levels in different neighborhoods so as always know your numbers. If Paradise Sharks can ever be of help in any way please feel free to reach us at 561.308.0175 or info@paradisesharks.com

 

 

 

#jupitercondos

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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?

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