Take a look at this video of Jupiter's fantastic lightning shows. If you've never lived in South Florida you may not believe this is real....but it is!
http://www.youtube.com/watch?v=sfi3ViJa59Q
Richard SitesRealty Associateswww.CoastalFloridaRealEstate.net
Tropical Storm Bill forecast map
All eyes are on Tropical Storm Bill which could become a hurricane tonight. This map shows winds up to 120 mph by Wed and the water temperature down there is in excess of 85 degrees.www.CoastalFloridaRealEstate.net
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.
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.
Jupiter Farms Real Estate Statistics
Jupiter Farms and the western communities offer some of the most inviting and spacious homesites in the county.What makes these so special versus other acre+ communities is that these properties are only 15-20 from the Jupiter Inlet and our famous beaches that stretch from several miles southward to Juno.
If you have been looking at homes in the Farms, there are plenty to choose from. According to the MLS, there are147 properties on the market. The median price is $ 479,500 but that figure is pushed higher by the mult-million dollar properties on the market.
If we drop the price under $ 1,000,000 we have 124 properties with a median list price of
$ 404,950 or $ 180 per square foot.
But, if you look at the 22 properties that have sold in the last 60 days you will see that homes go under contract around $ 155 per foot and end up selling for around $ 145 per foot. The median time on the market is over 160 days which you know from watching this blog is higher than Jupiter in general. Do you think pricing the home like this is a good strategy for selling?
You can prove statistically that you get the most money for your home by pricing it in the sweet spot of the market from the beginning, which is also where you get your most activity.
Got a question on selling you home? Post a comment below and let's talk.
Richard Sites
Realty Associates-FL Properties
www.CoastalFloridaRealEstate.net
Jupiter Florida, The Hamptons...a great time to sell!
The Hamptons in Jupiter, a classic Di Vosta community of solid homes and oak lined streets.This home is a typical example of homes in The Hamptons.
If you are considering selling, this may be a great time! Why?
First of all, sales in general are up. And, homes in the Hamptons are in a price range that first time home buyers can afford and use the gov't credit.
Second, there are only 4 homes on the market and all are priced over $ 300,000 and they have been on the market for a median time period of 159 days, higher than Jupiter in general.
In the last 30 days, 3 homes sold when listed at an average of $ 146 per foot or in the range of $ 288,000.
So, if you want to sell your Hamptons home, price it right and this may be the perfect time!
Richard Sites
Realty Associates-FL Properties
http://www.blogger.com/www.CoastalFloridaRealEstate.net
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