Winter is our busiest time in the southeast Florida real estate market and Jupiter is hopping with amazing homes, great deals, and transactions lasting less than 60 days. Here’s the current real estate market in Jupiter Florida as of the first week of February 2014.
There are currently just over 2000 homes and properties for sale in Jupiter Florida. These homes are priced from $120,000 for single family homes homes, foreclosures and auction properties to luxury homes from $8.5 million-$14 million.
Currently the average listing price for Jupiter real estate is eight and $10,000 which is up 5% over the end of January. The median sales price is currently $280,000, which is up about 2.1% over last year at this time. The average price per square foot remains about the same at $182. The number of sales is between 300 and 400 each month, which is down about 12% over last year.
A Look Back:
Looking back over the last 10 years, Jupiter hit its top median sales price of $430,000 in 2006 and gradually decreased until 2013. Last year was a record high year for the Jupiter area increasing median sales price of over $50-$60,000.
The number of sales hit the lowest in 2009 and has gradually increased to hit its highest this year over the last five years.
Some of the more popular neighborhoods continue to be The Bluffs, North Palm Beach Heights, Tuscany, Egret Landing and Indian Creek. Indian Creek and the Ocean Walk neighborhood had one of the highest week over week closing.
Homes in country club communities, gated neighborhoods, and luxury home naturally had higher listing prices and sales prices, however, there are a variety of homes not in country club or homeowners association. These association fees can easily add several hundred dollars onto mortgage payments each month. [Source]
Jupiter has one of the lowest property crime rates of the entire Palm Beach County as well as extremely low violent crimes per population. Because of our good schools, close proximity to beaches, and a variety of home prices, Jupiter makes one of the most ideal places to call home in Palm Beach County. For more information on the Jupiter Florida area or to find out what your home is worth, give me a call at any time.
Local Knowledge For Homes in Jupiter and Palm Beach Gardens
As a professional and experienced Realtor in North Palm Beach and Palm Beach Gardens Florida I strive to make sure every transaction is efficiently competed, wildly successful and buyers and sellers walk away satisfied. Whether you are buying or selling your home in Palm Beach County Florida, trust your next transaction to PBCoastal. From Mirasol Country Club , Frenchmans Reserve, Old Palmand Admirals Cove to homes and estates in Jupiter and Juno Beach, my goals are your desires. Contact me today and let's see how I can make your home buying or selling dreams a reality.