Here is the latest market report for Jupiter Area courtesy of the Realtors Association of the Palm Beaches. Supply continues to be a challenge as there are many buyers looking for homes but not many homes to choose from especially in North Palm Beach County. See the Market Reports for Juno Beach, Jupiter, Palm Beach Gardens and Tequesta below.
Palm Beach County: Home Sales Back to Double-Digit Gain
“Although the number of Palm Beach County home sales increased only 1% for August, we are back to a double-digit gain for September with 13% year-over-year. However, this market indicator may dip slightly for October if a substantial number of closings are delayed due to recent closing procedure changes which affect borrowers. We recommend that borrowers work closely with their lenders and title companies, who are well-prepared for these changes, to prevent potential closing delays. For more information about these changes, a helpful infographic can be downloaded fromwww.SouthFloridaPropertyMatch.com,” said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).
As for the townhouse/condos sector, statistics revealed similar market indicators with increases in closed sales, median sale price, and average percent of list price received. Closed sales rose 16.2% from 1,018 to 1,183 transactions, median sale price climbed 15.5% from $126,000 to $145,500, and average percent of list price received bumped up 0.9% from 91.3% to 92.1%. Meanwhile, median days on market and inventory levels continued to decrease. Median days on market declined 28.6% from 63 to 45 days, active listings decreased 8.3% from 5,958 to 5,465 listings, and months’ supply of inventory diminished 12.7% from 5.3 to 4.6 months.
For detailed information about market statistics for Palm Beach County, find your local REALTOR® match today by visiting www.SouthFloridaPropertyMatch.com.
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Juno Beach Real Estate Market Update
Courtesy of the Realtors Association of the Palm Beaches
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Jupiter Real Estate Market Update
Courtesy of the Realtors Association of the Palm Beaches
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Palm Beach Gardens Market Update
Courtesy of the Realtors Association of the Palm Beaches
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Tequesta Real Estate Market Update
Courtesy of the Realtors Association of the Palm Beaches
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