Million dollar home sales are not slowing here in the Jupiter area. Not even a little bit. In fact since January 1st, pending home sales above that threshold in the Northern Palm Beaches are up an amazing 24%.
As long as the buying remains strong at the top end of the market there is little chance of median prices falling, no matter what happens to interest rates. By the way, interest rates were up again this week, for the 9th straight week, to the highest levels we have seen in 153 weeks. Since last February, the average overnight rate on a 30 year conforming mortgage is up 51%.
So far this year in Jupiter, 37% of all single family home sales have closed for over a million dollars and 67% of those buyers paid cash. The average days on the market for those homes was just 16. The vast majority of sellers, 84% of these sales, offered a 2.5% co-broke with 9% offering a 3% co-broke and 7% offering a 2% co-broke.
Interesting days indeed and Paradise Sharks Real Estate needs listings to meet current demand. If a 2% co-broke is appropriate for your home, we can list most homes in the Northern Palm Beaches for a total commission of 3%.
If a 2.5% co-broke is better suited for your situation, we can list most homes in our market area for a total commission of 3.5%. If we happen to handle both sides of a transaction your total commission is typically dropped all the way down to a maximum of 2%.
Every home is different, every pricing and marketing strategy needs to be well thought out for your unique situation. All real estate commissions are 100% negotiable, as are the services you will receive for your money. Interview, ask questions and make informed decisions.
Paradise Sharks Real Estate consultations are always 100% complimentary and easy to schedule at 561.308.0175 or [email protected].