Jupiter condo prices up for 4th consecutive month

Median condo prices in the Northern Palm Beaches continue to climb and are back up to ten year highs of $210,000. Sales over the past 30 days have slowed compared to both the previous month and year ago numbers but prices so far are going the other way. Unbelievably, today’s median Jupiter condo prices are still a full 25% below the highs we hit in 2005/2006.

Condo Prices May 2016

The condo market remains somewhat fragmented with buyers being driven by that old tried and true combination of location, condition and price. We still see high inventory and pricing pressure to the downside in some locations so buyers and sellers must be careful if they want to make the best financial decisions. Paradise Sharks successfully closed the sale on one of our listings in The Pointe building of Jupiter Yacht Club last week where inventory had climbed to 5 years at one point this year.

New condominium developments are not exactly plentiful with price points for new construction far above the resale market. Watching activity over the past few days and we are seeing a bit of downward pressure upcoming but still anticipate the bull market in condo prices to remain intact for at least another month. Keep a close eye in any community where you are thinking about buying or selling as it is going to be an interesting summer for Jupiter condo prices.

Paradise Sharks remains passionate about bringing our clients a very high level of customer service while always striving to add value to every transaction. If we can EVER be of service in ANY way please feel free to contact us at 561.308.0175 or info@paradisesharks.com

 

Fins up…..

 

 

#jupitercondoprices

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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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