Waterfront homes in Jupiter finally getting more realistic

Jupiter waterfront properties include those along the Loxahatachee River in Tequesta and Jupiter where many pro golfers like Rickie Fowler have their homes, those in exclusive clubs like Jonathan's Landing or Admirals Cove with deep water access for yacht owners, those along the ocean in North Palm Beach and Jupiter Island and condo and homeowners along the Intracoastal Waterway.  Waterfront property owners who want to sell are finally getting the message that they have to drop their prices.

I have noted many times on my website Coastal Florida Real Estate of multi-million dollar properties that have dropped the price dramatically and sold almost immediately.

And, I've noted in other blog posts about the percentage of asking price these sellers are finally taking.
Its especially interesting to note that in the million dollar plus waterfront home sector, sellers are only getting 88-89% of their asking price while more modest homes are getting around 93%. When you add in the hidden cost of carrying a multi-million home, pricing your home too high is not the correct strategy for taking home the "biggest check" in the least amount of time, even though many agents may suggest trying a higher price because "we can always lower it later".

When selling, finding the right agent is critical to getting it sold.  So here is a test.  When interviewing agents, after they tell you the price they think the house should be priced at, suggest a much higher price and see what they say.  If they agree and use the phrase above, pick another agent.  A professional should be able to confidently give you their idea of value.  It could still need adjustment in the future, but at least you will know you have got the right agent.

Trying to sell or thinking of putting your home on the market?  Maybe we should talk.  You can reach me at 561-762-4073 or by email.