Jupiter area condo prices up to new 10 year highs

Over the past 30 days, median condo prices in Jupiter and the surrounding communities have made very nice gains. Up 2.6% from where we stood one month ago and up 6% above year ago numbers.

Median Condo Picture

As of this morning, the median sales price of a condo in the Northern Palm Beaches sits at $217,500 and that is the highest number we have seen since way back in 2007. Condo sales in the Jupiter area over the past 30 days have been the strongest we have seen in 10 months. This increase in demand has been a major contributor pushing prices higher.

Watch for strong condo sales for at least the next 6 weeks before things slow down for the summer and fall months. There are still some really great condo opportunities by the beach as buyers, even in this rising price environment, continue to be very cost conscious. The market strength of condo sales over the past month has lagged a bit behind both townhomes and single family residences. Condos with list prices under $300,000 have performed the best with good strength in the $750,000 to $1,000,000 market segment.

Condo prices should continue moving higher over the next 30 days but watch closely as each condo development is experiencing different market statistics. If you are buying or selling, you need to understand the metrics surrounding that particular property to be in your strongest negotiating position. As always if Paradise Sharks can be of help in any way please feel free to contact us at info@paradisesharks.com or 561.308.0175.

 

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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