Jupiter real estate market: November wrap up

Jupiter real estate continues to change as we head into the most active part of our season.  Things are bustling at the country clubs in the area like Admirals Cove as the last of the seasonal residents take up residence.

So let's take a quick look at the end of month wrap up in the local market.

Jupiter homes for sale

The local scene is now dominated by new construction as the DiVosta homes in Sonoma Isles opened for sale on November 23.  And this is not the only new construction project in zip code 33478.

Across the street from Sonoma Isles, the Toll Brothers community of Jupiter Country Club continues to offer new estate homes and further west, new estate homes are selling on the former site of the Burt Reynolds Ranch.  These homes are called Reynolds Ranch.  BTW- His Intracoastal home just sold after years on the market.

At the end of the month there were 793 active listings for Jupiter and Tequesta.  176 of them are priced over $1 million.  Of these homes, 128 are listed as waterfront properties although this might include lakes.

In the last 30 days, 127 homes sold in Jupiter and Tequesta and the median price was $305,000. During that same period, 257 homes were newly listed for sale.  If you have been following my blogs, you know that sales of homes in Palm Beach County just hit an 18 month low.

If you are thinking of selling, maybe it would make sense to have a confidential conversation about how to take advantage of the season and move forward with your plans.  Especially since new listings are now outpacing sales at a rate of 2 to 1.  And with next year's election looming, the market may be completely different a year from now.

If you are looking at Jupiter homes for sale you can see them all in real time by using this link.

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