Strong sales push Jupiter home prices even higher

We are starting to sound like a broken record and the message remains the same again this month. Median single family home prices in the Jupiter area, as of June 1st, moved higher once again as we inch closer to the all time record highs we set way back in 2005. For the 4th straight month, Jupiter home prices have increased, and the median single family home in the area now stands at $455,000 up from $451,000 thirty days ago. Last year at this time, we sat at $415,000 so year over year gains sit at 9.6%. That is one of the highest annual gains in the country.

Median home prices

Monthly single family home sales in May were the highest we have seen since last June and helped push prices higher. June invariably has more single family home closings than any other month of the year and we expect no difference this year. Over the next month expect even higher sales volume with Jupiter home prices moving closer to record territory.

Inventory of quality homes in the Jupiter area remains a significant problem. Interest rates remain a buyers best friend and are down again this week to the lowest levels we have seen since November.

In Jupiter over the past month, the town home market remains the hottest sector with inventory currently down to 2.4 months. Any property, regardless of type, that is priced under $500,000 in Jupiter remains a hot commodity with inventory levels pointing to a strong sellers market. The highest inventory levels remain in the town home segment priced above $750,000 where buyers are still firmly in control. Remember, each property has its own set of numbers and you have to clearly understand those to make informed decisions. If Paradise Sharks can be of assistance with the value of your home, or with any of your real estate needs, please feel free to contact us at 561.308.0175 or


Fins up…..





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… 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 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: Logo

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

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s