Jupiter, FL

Jupiter Market Report 2/05-2/11/12

02-13-12

Ruth Jacobs - North Palm Beach Real Estate Specialist

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Office: (561) 799-9937

Mobile: (561) 308-2020

Jupiter Market Report 2/05-2/11/12

Community	Sub Type	Br	Bath	Sq Ft	List Price	Sold Price	Date Sold
Acreage	Single Family	3	2	1,714	$184,900	$173,500	2-06-12
Cape Pointe	Townhouse	4	2.5	1,586	$265,000	$245,000	2-06-12
Cape Pointe	Townhouse	3	2	1,392	$229,000	$200,000	2-09-12
Hamptons at Maplewood	Single Family	3	2	1,975	$279,900	$265,000	2-06-12
Jupiter Harbour	Condo	2	2	1,651	$299,000	$245,000	2-10-12
Jupiter Inlet	Condo	2	2	1,063	$162,000	$148,500	2-07-12
Mallory Creek	Townhouse	3	2.5	1,890	$304,900	$272,600	2-10-12
North Fork	Single Family	4	4	3,637	$659,888	$630,000	2-08-12
North Fork	Single Family	4	3	2,852	$499,000	$487,000	2-10-12
Ocean Trail	Condo	2	2	1,170	$265,000	$252,500	2-11-12
Sea Brook Place	Townhouse	2	2.5	1,250	$215,000	$206,000	2-10-12
Somerset at Abacoa	Townhouse	3	3	1,741	$209,500	$185,000	2-09-12
Summer Winds Jupiter	Townhouse	2	2	1,180	$92,000	$95,000	2-06-12

For more information on this area and its listings:
Your Ultimate Team Website

Your Ultimate Team
Jim & Ruth Jacobs
Quantum One Realty
(561) 308-1189
Jacobs@Quantumone.com

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"The Long Run" Eagles Tribute Band at Seabreeze Amphitheater Jupiter Florida

02-11-12

Donald Urschalitz P.A. Realtor ABR RSPS North Palm Beach County

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Office: (561) 845-1300

Mobile: (561) 685-0976

Saturday, February 11, 2012, Palm Beach County is proud to present “The Long Run”. Treat your sweetheart to an early Valentine’s Day by enjoying South Florida’s premier Eagles Tribute band. Listen to hits such as Hotel California, Wasted Time and Desperado. Showtime is 7 to 9 PM. Bring a lawn chair or blanket, picnic baskets, pets on leashes welcome. Free admission. Location: Seabreeze Amphitheater, 750 South A1A, Jupiter, FL 33477 (1/4 mile south of Indiantown Road on the west side of A1A) Concert Time: 7:00pm-9:00pm

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January Home Sales Slowdown Hits Jupiter

02-09-12

Tom Priester "Results Driven Real Estate"

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Office: (561) 308-0175

Jupiter Home Sales and Median Prices Both Drop in January

I am the luckiest guy in the world. Not only do I have an incredible family and wonderful friends but I live in Paradise running around in shorts and flip flops working in the best industry in the world. And I get to do it during the craziest real estate market ever encountered and it is always interesting and challenging. I am honored to serve on the Agent Leadership Council of Keller Williams Realty (the BEST real estate firm in the world) and next week we head off to our family reunion where thousands of the best agents meet to learn more about the current status of our industry.

And the timing couldn’t be better as we are seeing metrics that I have never witnessed before. January sales figures in the northern Palm Beach County region point to a turning point that will continue to play itself out through the year. Every month at this time we report where sales came in the previous month and this month in our 6 reporting categories we have one that reported a 58% decrease in sales and one that reported a 350% increase. How interesting is that? Very interesting. So without further adieu we bring you the North County Sales Power Rankings;

#1 Juno Beach
#2 Tequesta
#3 Hobe Sound
#4 Jupiter - down 34%
#5 North Palm Beach - down 38%
#6 Palm Beach Gardens - down 58%

Yes, I did say that sales numbers ranged from a decrease of 58% to an increase of 350% and now I am going to tell you this is great news for the continued recovery that seems to be gathering strength. How can a decrease of 58% be great news? Inventory is the answer and the main reason sales have stalled is a lack of inventory with a price and condition that buyers will react to. Believe me the buyers are out there ready to act on interest rates that can only be described at phenomenal. But the homes they are seeking aren’t out there. Sellers are asking higher prices for quality homes and either inventory with prices to match buyers expectations increases which is unlikely, or sellers will lower prices which is more likely or we continue this stalemate between the two parties to a transaction. Appraisals will be key as even if a buyer wants to pay a higher price and are borrowing money will the appraisal justify the price for the lender? Didn’t I tell you I was lucky?

This month’s 4th place finisher in our sales power rankings are single family home sales in Jupiter that decreased 34% from December sales numbers. Remember the inventory we discussed; as of February 1st in Jupiter we had total inventory of 1,125 units compared to 1,310 we had last year at the same time for a drop of 14%. In January we had just 42 sales which was a big decrease of 22 from the 64 sales we had in December. With these numbers we fell far below the 12 month average which stands at 73.92 and also well behind the 55 homes sold in January of last year. I have been keeping these records for years and this was the lowest sales number we have seen since the 41 homes we sold in January of 2010.

While sales were low we did see a good balance of homes selling in all price categories with great strength in the ultra luxury market over $1,000,000 which weighed in with 6 sales or 14% of the market. Still the majority of sales equaling 69% of the overall market fell between $150,000 and $500,000. Higher inventory levels in the luxury home market above $500,000 show the buyers are out there with a total of 8 sales above this plateau.The chart below shows the percentage of sales by price category for the month of January.

With the strong showing in sales below $500,000 and sales across the board in all price ranges we would expect to see the median price realized hold steady and that is what we got. In fact we have a small drop to $300,000 from $316,500 in December. With this showing we were very close to the 12-month average of $300,758 but well below the median price sale of $342,500 we saw in January of last year. Are higher prices coming your way? Could be so keep tuned in and as always we will bring you the most accurate market information as it is available. The chart below shows median prices on a monthly basis over the previous 12 month period.

This crazy world of real estate is what I thrive on and nothing gives me more satisfaction than assisting others in finding that perfect home and negotiating the best pricing and terms or listing and marketing their current home to achieve the best results. Your free consultation is but a phone call away so if we can be of service in any way to you, your friends, family or colleagues please do not hesitate to give me a call. Easily reached at 561 308-1075 or via e-mail at tom@tompriester.com we are here to assist in any way that we can.

Always at Your Service,

Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com

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Jupiter Florida Abacoa 2011 ArtiGras Fine Art Festival

02-08-12

Donald Urschalitz P.A. Realtor ABR RSPS North Palm Beach County

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Office: (561) 845-1300

Mobile: (561) 685-0976

This year Artigras celebrates 25 years of art, music and community involvement. The event features more than 300 juried artists along with artist demonstrations, youth art Competition, ArtiKids children's interactive activity area, entertainment and much more.

Jupiter Florida Abacoa Fine Art Festival 2011

25th Anniversary Ribbon Cutting - Saturday at 9:30 a.m. at the Main Gate
Lilly Pulitzer Fashion Show - Sunday at 1:00 p.m. on the Main Stage
Anniversary Concert with Ed Calle, Latin Grammy-Nominated Jazz Artist - Sunday at 4 p.m. on the Main Stage
PEPSI Patron Lounge: Enjoy a front row seat for the stage, Wii golf tournament, full lunch buffet, upgraded beverage options and much more! Open to the public all weekend -- additional ticket purchase required.

The Arts Festival is fully accessible during all hours to all disabled visitors and senior citizens. Disabled Parking is located in the Roger Dean Stadium Parking garage and at the South Entrance at Chancellor Boulevard. Directional signs will be posted.

Please respect our Abacoa neighbors when you park in the area. Satellite parking lots are available at Dwyer High School, and Jupiter Middle School. Each of these lots is accessible from Military Trail. Free shuttles run every 5 minutes to and from the lots to festival gates. Complimentary Parking is also available at FAU and Roger Dean Stadium on Saturday and Sunday only.

Skateboards, roller blades, pets, large signs and placards which may endanger or inconvenience the public attending the Arts Festival are prohibited. The Festival reserves the right to decline admittance to anyone who violates the reasonable policies established for public safety or to restrict activities such as public address to designated areas. All packages are subject to search.

Festival Hours:
Saturday, February 18th, 2012
Gates open to the public 10:00AM-6:00PM

Sunday, February 19th, 2012
Gates open to the public 10:00AM-6:00PM

Monday, February 20th, 2012
Gates open to the public 10:00AM-5:00PM

Location: Abacoa, Central Boulevard in Jupiter, Florida, just North of Donald Ross Road and East of I-95. Please read the following before attending the festival.

Gates: There are three gates located as follows:
Main Gate – Edna Hibel Drive and University Boulevard
South Gate -- Main Street Circle and Central Boulevard
North Gate -- Fredrick Small Circle and Central Boulevard

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Shellie Chiet of Jupiter Farms, Florida has joined ActiveRain. Please Welcome Shellie, and Subscribe!

02-07-12

Fred Griffin, Tallahassee Florida Real Estate Broker

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Office: (424) 400-4741

Mobile: (424) 400-4741

Shellie Chiet posted her first Blog on ActiveRain TODAY, February 7, 2012. Shellie is based in Jupiter Farms, a community in Palm Beach County, Florida. Please welcome Shellie to ActiveRain and Subscribe to her Blog.

Follow, Like, and Connect with Shellie on her Social Media Networks, which are posted below.

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Shellie says,

"Hi. I'm Shellie Chiet from My Florida Realty and I'm here to tell you that what you don't know CAN hurt you when selling your home.

The real estate business sure has changed so much in the last 10 years that I have been a Realtor. The change hasn't been Evolutionary, it has been Revolutionary!"

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