Jupiter, FL Real Estate News

By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
The Daily (082516) Hot Sheet Of Top Real Estate News Trending Now   WalletHub: Fla. has 4 of top 10 retirement citiesThe website rated 150 cities on affordability, health care, activities and quality of life. Of 11 Fla. cities, all ranked above average - and Orlando was No. 1. Read more.Fla.'s housing market: Higher median prices in JulyThe median single-family home price ($223,238) rose 11.6% year-to-year and condo prices rose 6.8%. NAR: Challenged by low supply, July U.S. home sales lost momentum and declined 1.6% year-over-year - the first drop since Nov. 2015. Read more.Fla. Supreme Court turns down Chinese drywall caseIn the case, a Tampa couple wanted the court to reverse an earlier court's decision and rule that their property insurer must cover Chinese drywall damage. Read more....
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By Christian Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987
(The Christian Penner Mortgage Team)
Selling a Home in Our Palm Beach County and a “Millionaire Flight” EffectNobody in Jupiter can escape the fact that we are now engulfed in the full-bore election year media onslaught. You would need to be living under a rock not to have noticed—and the rock would have to be somewhere out of earshot of radio and tv.Fortunately, since this is a1 space where we discuss buying and selling homes in Jupiter, we try as best we can to steer clear of politics; so let’s enjoy this island of non-partisanship…or perhaps that’s impossible, because of the topic, which is too interesting to ignore…Recently, a study came out of Stanford that answered an intriguing question: do higher taxes drive wealthy people out of state? If you ever plan on selling a high-end Palm Beach County home, the answer would...
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The Abacoa housing market has seen steady activity from May through July 2016 with 119 closed sales and only 95 active listings. The above Infographic shows active listings, median price, average price, average price per square foot, and days on market and also shows a comparison to data for all of 2015. 
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
 2016 Jupiter Inlet Veterans Family Fishing Classic, October 10, 20016, 9 am - 3 pm. FishingCommunity.Org in partnership with the Bureau of Land Management and Loxahatchee River Historical Society will be holding the second annual family fishing classic for wounded, injured and ill Veterans from all campaigns. Free for Vets and their families. Lunch provided. Location: Jupiter Inlet Lighthouse and Museum. See more and sign up: www.fishingcommunity.org/fl/ji2016
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By Christian Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987
(The Christian Penner Mortgage Team)
For Jupiter DIYers, Marketing a Home has Challenges GaloreAs a way to have fun and save money at the same time, the “Do-It-Yourself” approach has millions of enthusiasts. Any number of Jupiter residents can be found on weekday evenings and Saturdays and Sundays, tinkering in garage workshops or atop ladders, “Doing-It-Themselves” with hammers, saws, and paintbrushes.There is no shortage of guides and gurus to spark creativity and show how-to’s. As one online ad puts it, you can have “Summer fun with freezer paper tie-dye” or, in the kitchen, “Great ways to put up your crops” (that one is about home canning).When it comes to Do-It-Yourself projects and the Jupiter real estate connection, there are scores of possibilities. Online, you can find valuable Tips for Summer Yard Maintenance to ...
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By Christian Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987
(The Christian Penner Mortgage Team)
A Listing Flick Jupiter Sellers Can Google (and Giggle Over)The days of boring slideshow type “virtual tours” are disappearing fast. Today’s Palm Beach County listings can include actual virtual walk-through videos, breathtaking aerial drone shots, and sweeping panoramic 360 degree views. Now it appears there can even be the possibility of James Bond-style suspense.That’s right—Double-O Seven himself (almost).I offer an example that’s too creative to pass up: check out this $4.295 million listing video for the San Francisco Bay area. While not exactly typical of listings here in Jupiter or (to be fair) anywhere else, the creative marketing employed by these Tiburon listing agents is worth taking a peek. Hefty listing price tag? Check. Gorgeous photos for the local MLS? Check. Superb sta...
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By Christian Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987
(The Christian Penner Mortgage Team)
  Send to a Friend Follow Me On: Mortgage Market Guide: Gross Domestic Product Disappoints Again   In This Issue           Last Week in Review: Gross Domestic Product limps along. Forecast for the Week: Will the July Jobs Report bring joy or disappointment? View: Trim office expenses with these six tips.           Last Week in Review           “Are you optimistic ’bout the way things are going?” Chicago. Although consumers and the Fed recently noted feeling pretty good about the economy, along comes Gross Domestic Product (GDP) to shatter that optimism. Consumer Confidence held steady from June to July, with consumers remaining cautiously optimistic about personal income prospects and job growth in the near future, the Conference Board reported. Likewise, the Federal Open Market Commit...
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By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
New residents to Jupiter luxury homes may find themselves puzzled by the number of different license plates that they may see at the beach, golf course, shopping mall, and anywhere else they venture out into the town.Many visitors often think these vehicles are from other states, but when they take a closer look they will find the originating state is Florida. Florida residents have the option to pay a bit more every year to for their license tags with a specially designed plate. The additional fees help support a particular cause or foundation related to the specialty license plate. Learn more about the program and how you can get one for yourself!
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
The numbers are in for June, 2016 for Palm Beach County Florida cities. The biggest benefit in this monthly marketing report for our readers is to provide content rich local information.   Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Palm Beach County Florida. Please feel free to call me for any of your real estate needs. Serving Palm Beach County since 1975 One World Realty 561-685-0976
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
  This Spectacular complete CBS 5 bedroom/3 bath/3 car garage pool home is located on a quiet cul-de-sac in the highly desirable much sought after Egret Landing community in Jupiter. With 3,258 of living space and a total of 4,159 sq. ft. makes this the perfect family home. As you enter this CBS home you are greeted by a grand two-story living room with floor to ceiling windows. First floor boasts 10' ceilings and 9' ceilings on the second floor. Great care was given to the chef’s kitchen where the custom cabinetry, granite countertops and tiled backsplash are home to all stainless steel appliances. Sliders in the 9x7 breakfast nook open to the private fenced in backyard with both lime and coconut palms overlooking the custom pool. In addition to the first floor living/dining spaces and...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
So far this year nothing has been able to hold back the rise in median condo prices in Jupiter and the neighboring communities. As of June 15th, the median price of a condominium in the Northern Palm Beaches is up for the 5th straight month to $216,500. We have to go way back to 2007 to see higher values.  Since the beginning of the year, condo prices in Jupiter and the surrounding areas are up about 12%. Compare that to single family prices that have been up and down over the same time period and are relatively unchanged in the $420,000+/- range. Part of this difference is tied to affordability as the median single family home price continues to climb pricing many buyers out of the market.Even with the increase in the median condo price over the past 9 years we still are about 30% belo...
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By Kevin J. May, Serving the Treasure & Paradise Coasts of Florida
(Florida Supreme Realty)
There's much to be said about Condominium and Townhome life in South Florida. As Summer quickly approaches the number of lit high and mid rise units begin to diminish rapidly. That's because most of these 2nd & 3rd homeowners have either left for the season or soon will be. Inventory is up almost 60% year over year despite what you may have read or heard. Average sale prices are down by 14.4% during the first quarter while median prices saw a whopping 17.7% reduction. About one third of purchases are made via cash and with pending sales up by 56% the Supply & Demand curve is about to make a move I believe. When it does those prices will rise accordingly.Dollars (multiply by $10,000) = the median prices had a high of $257,000 a year ago and averages peaked above $328,000 10 months ago. T...
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By Kevin J. May, Serving the Treasure & Paradise Coasts of Florida
(Florida Supreme Realty)
It's HOT in Jupiter, Florida! Forget what you hear about inventory. Disregard what others say about high prices. Who says it's a Seller's market? You don't have to pay more than full asking price! Look at this graph and I'll show you what's happening here.  Sales (multiply by 10) = the number of homes sold each month which shows a low of 120 and hit its high last month of 200+ homes. This trend is not expected to continue. Dollars (multiply by $10,000) =  while this line shows the median price heading down 6.5% from $400,000 we have an upside to our average prices of 17.1% peaking at over $750,000. Median SP/LP is now 93.9% Days (multiply by 10) = the median number of days it took our Sellers to obtain a sales contract since the day they listed the property is 66. It's stable but crawli...
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By Tracey Lavoll, Lavoll Real Estate Group serving Palm Beach County
(Keller Williams of the Palm Beaches)
   Get a sneak peak before it officially goes on the market.  Come view this open house in The Shores this Sunday June 12th from 2-4 pm.Panoramic lake views greet you from the paned glass front doors and continue throughout this open and bright home. Built in 1999, this custom designed home has more of the modern architectural details than you typically find in a Shores home such as arched windows and entries, trey ceilings, moldings, soaring 12” ceilings, and double entry master bedroom door. The formal dining room has a built in niche for a buffet. The large kitchen has wood cabinetry with plenty of storage, pull out drawers and cabinets; plus a spacious pantry, two wall ovens, and a newer kitchenaid dishwasher. The dining area has butted glass windows affording more amazing views of ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
It was bound to happen and it’s actually very healthy for the overall market. For the first time in about 5 years we can finally tell you that the median single family home price in the Jupiter area has not moved higher from where they were a year ago. As of June 1st, the median sales price of a single family home in the Northern Palm Beaches sits at $420,000 exactly where they were one year ago. Unchanged.  Last year, we saw a nice spike in single family home prices during June and although it is just 8 days into the month we are again seeing short term pricing pressure to the upside in both the single family and condominium market. Paradise Sharks has been telling you about the summer vacation in the local real estate market and how we have already seen pending home sales drop 6.5% ov...
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By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
Jupiter luxury homes are where many seasonal residents and permanent ones love to spend their time. It is not only because it provides them a gorgeous place to live but gives them enough activities nearby that will keep even the most well-traveled residents entertained. West Palm Beach is only 27 minutes for any Jupiter residents who are looking for upscale entertainment, but Jupiter luxury homes owners don’t have to travel that far. Right in the city limits there is plenty of engaging activities you can participate in. Get 5 of the top events happening on, in, and around Jupiter real estate this summer!
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
 Inspection tomorrow wishing for a smooth close. This Spectacular complete CBS 5 bedroom/3 bath/3 car garage pool home is located on a quiet cul-de-sac in the highly desirable much sought after Egret Landing community in Jupiter. With 3,258 of living space and a total of 4,159 sq. ft. makes this the perfect family home. As you enter this CBS home you are greeted by a grand two-story living room with floor to ceiling windows. First floor boasts 10' ceilings and 9' ceilings on the second floor. Great care was given to the chef’s kitchen where the custom cabinetry, granite countertops and tiled backsplash are home to all stainless steel appliances. Sliders in the 9x7 breakfast nook open to the private fenced in backyard with both lime and coconut palms overlooking the custom pool. In addit...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
So far 2016 has been a far cry from robust when it comes to real estate sales. Perhaps we are a bit spoiled as last year topped the record books for the total number of real estate sates in the Northern Palm Beaches. So expectations were high. Interest rates were low. On January 1st it was looking like a banner year heading our way.  But so far 2016 home sales through the end of May are down. And rather significantly by 12.5% over year ago numbers. No doubt we are using the best year in history as a benchmark and going back and looking at earlier years this years numbers look decent. Then we look at median prices and so far this year we are up by about 3.7% over the first 5 months when compared to 2015 numbers. Give most the credit to the condominium market where prices are up 8.8% whil...
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By Tracey Lavoll, Lavoll Real Estate Group serving Palm Beach County
(Keller Williams of the Palm Beaches)
THE SHORES OF JUPITER Why Do People Live Here?As you enter The Shores of Jupiter, you will immediately know why it is one of the most sought after neighborhoods in Palm Beach County.  Located in the Town of Jupiter.  The entrance to The Shores is breathtaking as it is lined with beautifully mature oak trees and two sparkling lakes. Looking for a Home in The Shores?Interested in finding homes for sale in The Shores of Jupiter?  You've come to the right place. Click the link below to find all the currently available homes in this area of Jupiter:Homes for Sale in The Shores of Jupiter What's The Neighborhood Like?The Shores of Jupiter consists of about 600 single family homes, most of which back to a preserve or lake.  Typical lots are about a quarter of an acre, and the neighborhood is l...
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By Kevin J. May, Serving the Treasure & Paradise Coasts of Florida
(Florida Supreme Realty)
Residential inventory has drastically been reduced in Jupiter and Jupiter Farms since February. This goes deeper than the anticipated seasonal curtailment and is a paltry 52% of what it was a few short months ago. Supply and demand are working their magic on price which continues to rise.Speaking of price our low comes in at $180,000 and soars to $19,900,000. The variety is staggering so there is still something out there for almost any Buyer. The bulk of choices are ranging from $300,000 to $900,000 which comprises 61% of current inventory.One quarter of our inventory is priced at $1,200,000 and higher with days on market offering some breathing room to peruse them all. They include waterfront, golf communities and some desirable private larger acreage parcels. New construction is unde...
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