Jupiter Abacoa homes

Jupiter Report April 6, 2012
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This week we saw home sales rise from 55 to 65 homes here in Jupiter. Home sales continue to remain strong in the area. I have yet to see the wave of foreclosures that the news continues to say is coming. Many buyers still believe that the market is flooded with homes and they can’t give them away. This is the furthest thing from the truth. There are still good values out there but most buyers expectations are granite counters, SS appliances new floors and a great view. Most of the condos here along the coast as well as the homes have been here for some time. They aren’t building new homes or condos anywhere near the beach here in Jupiter. This is it. If you want a new oceanfront condo go down to Singer Island. Even there, new condos are near the million dollar mark and above.

I ask buyers where you can find a $200,000 townhouse several blocks from the beach in NJ, NY, MA? Even Miami if you sit on the ocean in a new condo they are a million dollars. I sat with a fellow the other evening at Food Shack( great restaurant) and he was from Chicago and all he did was complain about taxes for real estate, income tax, sales tax and how the weather is so bad in the winter and the roads are terrible yet in the same breath he asks me, I want a cheap oceanfront condo because I hear they are giving them away here. I’m like think to myself, this guy just complained about IL to no end and than says how beautiful Jupiter is and wants a condo for nothing. I think to myself who is retiring and moving to IL? No one I know. The misconception that abounds from the news and the Internet is amazing.

Once again of the 41 homes that went contingent this past few days, 19 of them were in 30 days or less. 50% went under contract in that short time and many were less than a week.
In Abacoa there are only 8 townhomes for sale of the 3 bedroom 1,500 or 1,800 sq. ft models. This community covers 1,700 acres of homes and a golf course. If you know Abacoa you know the size of the community and that amazes even me.

I hope everyone has a wonderful Holiday.

WEST PALM BEACH — Palm Beach County’s home prices gained 9 percent last month compared to January as house hunting got even harder.
The median sales price of $190,000 on an existing single family home was still 10 percent below where it was in February 2011, according to a report released Wednesday by the Realtors Association of the Palm Beaches.
But with total sales 7 percent higher than the same time last year and housing inventory at its lowest level since 2005, economists and Realtors said the market may finally be gearing for a comeback.
“The biggest complaint I have from my agents is there’s nothing out there to sell,” said Bill Richardson, district sales manager at The Keyes Company in Boca Raton. “There are so many buyers right now.”
Statewide, sales of single-family homes in February were down nearly 5 percent compared to last year, but median prices increased 7 percent to $134,000. The inventory of homes on the market dropped 34 percent from 2011.
The story was the same nationwide with the National Association of Realtors reporting a 19 percent decrease in February inventory compared to the same time in 2011, while median sales prices inched up 0.3 percent.

Jupiter Yacht Club Rental
5th floor furnished condo. 3 bedroom 2,500 sq. ft with Intracoastal views. Built in 2006. Fitness center, club room, underground parking. Restaurants on-site. Available off season. Thinking of moving to Jupiter. Call me for more information. Great place to rent while you are looking for a home. Asking $3,500 per month for off season rental with everything you need. Call for photos.

Oceancrest Condo Rental
5th floor oceanfront condo. Unfurnished annual rental. City views from balcony. Available July 1st. Also for sale at $224,900. Beautiful pool area. Fitness center, covered parking and a beautiful beach just across the street. Rental- $1,500 per month. Call me for details.

Top Ten Report
This week I left my 10 Best List alone. At the lower end a Villas on the Green and Sea Brook Place. We also added Martinique in Singer Island.
717 US Hwy 1 #712 – 2 bedroom -2 bath 1,000 sq. ft overlooking Carlin Park. Walk to beach. Just reduced to $144,900. You won’t find a lower priced condo walk to the beach.
150 Seabreeze- Remodeled 2bed/ 2.5 bath townhome with fenced patio. Walk to beach.
4000 N Ocean #LPH – 2,000 sq. ft Singer Island condo with lots of windows. Great views of ocean and city. Reduced to $739,00
2201 Marina Isle Way # 403- Beautiful Intracoastal views and community pool very close to the building. Watch the boats go by. Condo fees are just over $1,000 per qtr. Just $279,000
911 Ocean Dr # 705 – Just across the street from the best Juno Beaches you will find. Fully furnished and beautiful shape. Enjoy ocean views and walk across the street to Juno Beach. Condo fees only $960 per Qtr. Owner says Sell! $279,9000
300 N A1A – #209B – Beautifully remodeled. Opened the kitchen, park view, walk to shopping and the beach. Just $219,000.
900 Ocean Dr # 606 – Least expensive direct oceanfront condo on Juno Beach. 2 bd/ 2 ba. Large pool deck overlooks beach and ocean. Check out Juno Beach, they have some of the best beaches around. $400,000 Remodeled condo available for $499,000
440 Old Towne Lane – 4 bedroom, 3,200 sq. ft built in 2003. Short walk to beach. Impact windows, private pool area with sundeck above, Saturnia floors. One of the nicest homes I have shown in some time. $1,100,000 UNDER CONTRACT! Fell Through! Reduced to $995,000. Owner says sell.
Jupiter Ocean Grande #707 – Just Reduced $25,000 last week! Reducing another $5,000 Tomorrow to $895,000.
Best view in the complex and the best condo/view under 1 million.
Real wood floors. Plantation shutters. Owner says Sell!

Corinthians – 176 Helios #603 Penthouse SE corner.
Incredible ocean views and views of Lake Olympus to the side. Light and bright Penthouse. $429,000

I also added one of my favorite buildings Ocean Royale. A 4th floor condo in the front building with beautiful ocean and beach views. 3 bedrooms and all the amenities. Just the right height and not to high. Don’t miss this condo. Reduced to $ 950,000.

Click the link below to view each property in my
10 Best Report below.

Jupiter Top Ten Report

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Jupiter Oceanfront Condos
Jupiter Abacoa Homes
Jupiter Homes
Jupiter Waterfront Homes

Each week the Jupiter home sales report is done with my customers in mind. I hope the report assists you in being a more informed Jupiter home buyer and provides you with a wealth of information about the Jupiter real estate market.