Paradise Sharks Real Estate

Every month about this time Paradise Sharks Real Estate likes to check in on the Jupiter single family home market. It’s another metric that is so important in helping us determine where the local real estate market is heading so we can properly advise our clients, friends and neighbors.

Since last month;

The number of single family homes on the market has increased over 3%
61.5% of those homes are listed above a $1 million dollars.

Median list price has dropped almost 4%.

The number of price decreases we have today is the highest we have seen since August.

Days on market for active listings has jumped over 6%.

If doing anything real estate in today’s market make sue you are going in with your eyes wide open. Get educated, not sold.

Remember that Paradise Sharks Real Estate offers an amazing total commission of 3.5% on most Jupiter homes and if we don’t do exactly what we say we insist you fire us. Today’s median single family home price in Jupiter sits at $885,000 for the year.

The difference in our 3.5% total commission and a 5% commission offered by another broker is a more than a little significant $13,275. That’s money in your pocket; not ours.

If Paradise Sharks Real Estate can ever be of help in any way; even to answer a simple question just let us know. You will find us very easy to reach at 561.308.0175 or [email protected].

Fins up……

Local home prices down to the lowest we have seen in 10 months. Not exactly a huge deal in my eyes. Season coming. Million dollar market remains strong and the start of a traditionally strong seasonal home buying season is just 6 weeks away.

If you want the real story about the Northern Palm Beaches real estate market make sure to read today’s market update proudly brought to you by Paradise Sharks Real Estate…..

Jupiter area home prices down to 10 month lows We’ve all seen the headlines; “buckle up for a free-fall in home prices”, “the market is falling off a cliff’, “housing is in a massive bubble”. Please realize that this hysteria comes from our press whose main goal is t...

Welcome to December and the years final month before we turn the calendar to 2023.

Tomorrow Paradise Sharks Real Estate will be publishing our very last first of the month update for 2022. Crazy how fast this year has flown by.

November was another VERY interesting month in the Jupiter area real estate market. Tune in tomorrow for the entire story as it’s a good one.

The number of homes under contract in the Northern Palm Beaches fell again in November. Only slightly, but enough to set another modern day record low which isn’t exactly great news for the real estate community.

Want the rest of the story on inventory, prices and where this market may be headed? Then stop in tomorrow as Paradise Sharks Real Estate will have it all for you right here.

Since April, in Palm Beach Gardens Evergrene neighborhood, active listings are up 250%, interest rates are up 40%, days on market is up 14%, inventory levels up 252% and cash buyers have declined.

However, median sales prices are still up 4%. Go figure.

As John Prine used to sing, it’s a big old goofy world and we have front row seats. Season coming so hold on to your wallet as literally anything can happen as we have seen over the past couple years.

I love this crazy world of real estate and helping others make informed and educated decisions……

Inventory in Palm Beach Cardens Evergrene up 252% since April With the real estate market very confusing at this time, and different developments experiencing far different inventory and pricing issues, it is critical for both buyers and sellers to be full educated. It’s been over ...

Median single family home prices in the Jupiter area are back up to $850,000 even as sales slow to the lowest we have seen in 29 months.

Season is only 2 months away. Will the traditional buying patterns return, pushing prices back up to new highs?

Time will tell….

Local home sales hit 29 month low as median prices rise The Northern Palm Beaches real estate market remains one interesting place to be making a living. Closings of single family homes durning October were the slowest we have seen since May of 2020. That’s 29 months!