Current Jupiter FL Real Estate Market

Current Jupiter FL Real Estate Market

Jupiter is the northernmost town in Palm Beach County, Florida. The town homes a total population of about 62,707 and it was rated the 9th Happiest Seaside Town in America by Coastal Living.

For those who enjoy outdoor life, Jupiter is one of the best places to buy a single family home. The city is small and lively and it maintains its quaint feel in many areas. On the other hand, it is within a few minutes of Miami and located right on the water. Living at Jupiter means you will have endless opportunities to get outside and stay active. Nearby cities to this amazing town are Palm Beach Gardens, West Palm Beach and Tequesta.

The real estate market in Jupiter, Florida has a lot to offer. Whether you are looking for a yachting community, a golf community, resort-style living, country club living or even just an ultra-private, ultra exclusive community – you will find what you seek in Jupiter. All of Jupiter’s premier communities feature easy access to the town’s amenities, including shopping opportunities, excellent dining options, recreational activities and Jupiter’s active nightlife.

Market overview

The median sales price for homes in Jupiter from the last quarter of 2016 to Jan 4 was $355,000 based on 235 home sales. Average price per square foot was $218. This is an increase of 13% compared to the same period last year. The median rent per month for apartments from Dec 5 to Jan 5 was $2,400.

Single-family home prices are projected to increase between 2.4 percent and 6 percent as the market more closely follows historic norms seen before the real estate crash and rapid rebound.

Jupiter real estate market home resale inventories increased, with a 7 percent increment since December 2016. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in January.

The worst of the foreclosure crisis is in the rear-view mirror, but Jupiter real estate market continues to push through cases in rapid-fire hearings. Higher sales prices on homes and other real estate properties mean borrowers who can no longer afford their mortgage should have an easier time selling without having to do a short sale. Competition from cash-ready investors will wane as prices continue to appreciate which mean more first-time homebuyers will have a shot at buying lower-price homes.

 

Available Property types and Price

Different real estate properties are available Including Jupiter luxury homes, more budget-friendly single-family homes, modest condominiums and town home and a wide range of communities and amenities to meet your lifestyle requirements. There are those right on the beach and those a bit further from it but you will still have the fresh scent of the natural ocean breath.

Price of homes begins at $300,000. However, this price depends on factors like location, age and the types of amenities in the home. Price of condos revolves around a million plus USD and it also depends on the same factor.

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