Jupiter Real Estate Market - View Jupiter Real Estate Market Trends in Florida

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Jupiter. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 561-667-4171
Average Home Price	$350,000 - View Graph Trend

Average Price Compared to Last Year	Down 25-30%

Average Time on Market	More than 120 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in Jupiter is	Increasing

Seller Activity for the past 90 days in Jupiter is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Bank owned 'REO' properties many times are priced lower just to induce a bidding war and a multiple offer situation.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	20-25%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	FHA loan programs for First Time Homebuyers has allowed many people who have never owned a home to be able to enter this market and get a fantastic home at a great price and through the program they only need to put 3.5% as a down payment and the remainder of their closing costs many times can be covered by the seller as part of the purchase price.

Housing Inventory	Good supply - Some Prices

Inventory Comments	Jupiter, FL is a very desirable community to live in, so even though there are many good deals to be found, when a property gets priced right there is a lot of competition among buyers. The Average Time on Market tends to be higher because of the length of time its taking for short sales to get approved, but changes with regulators in the banking industry and with our federal government are helping to speed the process up.

Greatest Activity	First Time Buyers

Reason to Buy/Sell	New Industries

Nearest Metro Area	West Palm Beach

Housing Hot Spots	Jupiter Farms, Palm Beach Gardens, Abacoa, PGA National, Mirasol, Bluffs, Shores, Egret Landing, Jonathan's Cove, Evergrene, Frenchmans Creek, Jupiter Country Club, Paloma, Tequesta, Jupiter Island.

Average Sold Price	$350,000 - View Graph Trend

Jupiter Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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