Year end thoughts on the real estate market in Jupiter

So here we are in 2010 and a Happy New Year to all of you!

Jupiter, Tequesta and Coastal South Florida have always been and will continue to be fabulous places to live. We have a mild climate, abundant natural beauty, miles of beaches, clear warm water, low crime, good schools and no blighted inner cities. You can choose any lifestyle that suits you here:

Multi-million dollar condos directly on the ocean on Singer Island. Or smaller oceanfront condos on Singer Island, Jupiter Island or Ocean Trail in Jupiter.

Waterfront homes directly on the ocean in communities like Lost Tree Village, Seminole or Jupiter Island.

Waterfront homes on the Intracoastal Waterway in communities like Admirals Cove, Jonathan's Landing and Frenchman's Creek. Or others along the Intracoastal that are not in gated communities.

Riverfront homes with ocean access in Jupiter and Tequesta.

Exclusive club communities like The Ritz-Carlton and The Bear's Club.

Other exclusive clubs like Frenchman's Reserve, BallenIsles, Old Palm, Mirasol and Old Marsh.
Every home size and style imaginable in PGA National and Abacoa.

Equestrian lifestyles in our western communities like Jupiter Farms, Trailwood, Old Trail, Tailwinds, Ranch Colony and The Links on home sites from 1.25 acres to over 20 acres.

Mid-level communities in Jupiter like Egret Landing, The Shores of Jupiter, Maplewood, The Colony, Abacoa, Ocean Walk, Botanica, Clocktower Hammock, Pennock Point, Mystic Cove, Palm Cove, North Fork and Cypress Cove.

People will always need to buy and sell and it does not snow here. Stage your home right, price it right and it will sell.

Interest rates are at historic lows and you can sell you house quickly. I sold one this summer in Jupiter in just 17 days.

Interest rates are at historic lows and with good credit you can buy a house quickly.

The short sale has gained notoriety but is really a headache and a frustrating experience. And even when successful takes away the thrill of buying a new home. But, there are millions of hidden short sales that cannot be counted yet and are waiting to come on the market as the seller's circumstances change.

Counties in Florida have now automated the foreclosure auction process to deal with the huge numbers of homes.

The strategic default is now poisoning the market. We will certainly see more of this.

The print media will continue to decline as the Google led charge onto the Internet continues.

Due to the economy, foreclosures are being stripped of anything of value.

Flippers are moving back into the economy buying up foreclosures. In Port St. Lucie there a 3 year old homes of 2600-3000 square feet, never lived in, selling for just over $ 100,000.

This is a great time to buy a home if you are looking for value.

This is a great time to sell a house if you are serious.

All the best in 2010!