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Jupiter Florida Real Estate: Jupiter FL homes for sale and sold during May 13-June 13, 2009 PDF Print E-mail

June 14, 2009, Jupiter FL - During the last 30 days Jupiter Florida homes generally sold for about 91% to 92% of asking (list) price. There were 109 sales; 15 of which were short sales.  Short sales generally sold for 92% to 96% of asking price.  In the Jupiter Florida real estate area the average sales price of all single family homes, condos and town homes combined was almost $369,000.  The highest sale was for $4.1 million and the lowest was for $65,000. Statistical information on short sales is found on the "read more" pages of this article.

 

However the differences in the prices of Jupiter FL homes sold in the zip code sectors varied as shown in the tables farther down in this article (click on "read more" below). 

Jupiter Zip code 33477 is mostly within walking distance to the ocean and has proportionally more condos than the other two areas.  On average the homes sold in zip 33477 went for almost $267 a sq. ft.

arialmaplarge_abacoa.jpgZip code 33458 is about 3 miles inland and includes the large neo-traditional planned community of Abacoa.  Homes in zip 33458 are  of a wide variety of new and old, single family and multi-family living situations; they on average for about  $138 a sq. ft.






Zip code 33469 encompasses parts of Jupiter and Tequesta; it has many luxury waterfront homes, more age restricted communities than the others and also includes some of the older residential single family and condo neighborhoods. The average sales price per sq. ft. during the last 30 days in zip code 33469 was $220.

Last Updated ( Sunday, 14 June 2009 )
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Jupiter Florida Real Estate Market Review PDF Print E-mail

Signs of Hope for the Jupiter Florida real estate market


lighthousecrop1_37x150.jpgAt last there's some good news for the Jupiter FL real estate market.  Over the past two years there has been a steady decline in the number of homes for sale in Palm Beach County.

Market value is determined by market conditions such as supply, demand and availability of financing. With the supply going down (sometimes referred to as a decrease in inventory) I have hope that the market value has hit its low point.

In March 2007 according to our MLS statistics there were almost 27,000 homes and condos for sale in Palm Beach County.  In two years that number is now less than 22,000 -- the supply of homes for sale has dropped approximately 18%.

There are three reasons for the decrease in inventory of homes for sale in Palm Beach County:

1.  More homes are being sold.
2.  Sellers are keeping their homes off the market.
3.  Foreclosure inventory has decreased

Homes are selling if they are priced right as evidenced by the 33% increase in sales in Palm Beach County when comparing sales in February 2009 to February 2008.  There was a 41% increase in sales in the Florida Treasure Coast area when comparing the same time periods.  Most of the buyers are investors and first-time home buyers who can afford homes at today's prices.

Last Updated ( Wednesday, 06 May 2009 )
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