Jun 11, 2017
Tommy Coleman Me at age 14 with my family. Photo 2017 (at Jupiter Farms, Florida)
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Tommy Coleman Me at age 14 with my family. Photo 2017 (at Jupiter Farms, Florida)
Jupiter Farms
The current real estate market in Jupiter Farms is rock solid. Median prices per square foot so far this year are already up 11% compared to 2021. Final 2021 sales prices per square foot were up 18% compared to 2020. Over the past 6 months, the median time it takes to sell a house has soared by 211%, so as prices have risen it’s taking longer to get a fish on the hook. Inventory is down a significant 21% over the past 6 months and the median list price in Jupiter Farms is up dramatically by 56%.
Sellers are still firmly in control, listings are badly needed and anyone looking to sell can negotiate world class marketing and customer service at amazing commissions. However, as days on the market climb, lower commission rates will be harder to find on some listings. If you are thinking about selling your home, pay attention to these trends and be informed. Not just about what a broker is charging you, but what are they going to do for you.
Where the Jupiter area real market goes from here is impossible to say. It’s a big old crazy world and it seems to be getting crazier by the minute. Right now, in Jupiter Farms, it's as strong as any real estate market we have ever seen in the neighborhood with very little to purchase.
Stay informed, and if you are thinking about doing anything real estate, ask questions. Lots of them. An educated decision is almost always the best decision......
Jupiter Farms
The real estate market in Jupiter Farms has never been stronger. Median prices per square foot so far this year are up 24% compared to 2020. Over the past 6 months, the time it takes to sell a house has been slashed by 40%. Inventory is up slightly to 1.32 months and bears watching.
Sellers are firmly in control, listings are badly needed and anyone looking to sell can negotiate world class marketing and customer service at amazing commissions. Over the past 6 months the number of sellers in Jupiter Farms offering a 2% co-broke commission has jumped 89%. The number of sellers offering a 3% co-broke has declined by 21%. If you are thinking about selling your home, pay attention to these trends and be informed. Not just about what a broker is charging you, but what are they going to do for you.
Where the Jupiter area real market goes from here is hard to pinpoint. It’s a big old crazy world and it seems to be getting crazier by the minute. Right now, in Jupiter Farms it's as strong as any market we have ever seen.
Stay informed and if you are thinking about doing anything real estate, ask questions, lots of them. An educated decision is almost always the best decision......
Jupiter Farms Neighborhood Update
As of this morning, there are 27 active single family home listings in Jupiter Farms with a median list price of $699,000. With the shortage of inventory and all the hype, be careful and ensure you are maklng fully educated buying decisions. Over the past year the median sales price in Jupiter Farms is under $500,000. With a spread like that you need to be very careful.
Over the past 12 months, there have been 248 sales in Jupiter Farms with a median sales price of $499,950. Current inventory, based on these 12-month sales, is 1.3 months which is historically low. Overall single-family home inventory in Jupiter this morning sits at 1.4 months, again a historically low number. Last week, we sat at 1.5 months so inventory is getting even worse. In Palm Beach County, current inventory of single-family homes sits at 1.85 months. One week ago inventory in the county was 1.94 months so this historic shortage has gotten even worse.
Jupiter Farms remains one of the most sought after communities in the Palm Beaches for it larger parcels with the large majority of homes unencumbered by any homeowners association.
Paradise Sharks LOVES setting price records in Jupiter Farms and our “Let’s Set a Record Price” marketing packages are available on most homes in Jupiter Farms for a total commission of 4% and that includes a 2.5% co-broke for the buyer’s broker. If a buyer’s broker is not involved your maximum total commission is lowered to 2.5%.
We are seeing more brokers offering a 2% co-broke commission and while Paradise Sharks is not sure the market is ready for that we are happy to discuss this in more detail with our clients. If they want to offer a reduced co-broke the maximum total commission charged by Paradise Sharks would be 3.5%.
Don’t forget, if you are looking to buy a home in Jupiter Farms, on most transactions Paradise Sharks gives our buyer clients a credit at closing of any commission payable on that transaction over 2%. It’s our little way of saying thank you for trusting us with your business.
Complimentary consultations are easy to schedule either on the phone, live with proper social distancing protocol, or on Zoom. Schedule yours today at [email protected] or 561.308.0175.
Fins up…….
In Jupiter Farms, the median sales price of a home sits at $194 per square foot. Paradise Sharks just snapped this one up for a client looking for the right opportunity. They paid $130 per square foot which is 32% below the median.
How did we do it? Strategy, patience, timing and a little luck but the reality is we had a game plan. If you are selling, or buying, real estate you need one.
Always interview 3 brokers and seek knowledge. Nothing can ensure success like knowledge. If we can ever be of help, we are super easy to reach at 561.308.0175 or [email protected].
$130 a foot. WOW............
2 homes. 2.7 acres. In Jupiter, Florida. Our client says get this sold so we just chopped $10,000 off the price. Complete 1 bedroom guest home with kitchen and laundry. It even has impact glass.
Let your tenant help pay your mortgage on this unique Jupiter Farms, Florida opportunity. So easy to see just contact the Paradise Sharks team at 561.308.0175 or [email protected].
Fins up......
Expanding our weapons class …
With the presidential campaign consuming much of our attention, I thought it’d be fun for you to toss a few knives at your least-favorite candidate(s).
Come on out, Tuesdays, 5:30 at Jupiter Farms Park.
A new bo staff kata!
We have a new bo staff kata: Gongyuan
It’s an intermediate level kata and may have some techniques you never thought about.
Now our bo staff curriculum has something for everyone:
Beginner: The Little Monk Intermediate: Gongyuan Advanced: Praying Mantis
Plus ...
The two-person set.
Come on out to Jupiter Farms Park, Tuesdays, 5:30 pm, and give it a try.
Hope to see you then!