Canoe/Kayak Adventures planned for Riverbend Park

Palm Beach County Parks & Recreation Department is beginning a series of canoe & kayak adventures through the headwaters of the Loxahatchee River and Riverbend Park.

The Loxahatchee River is a Federally Designated Wild & Scenic River and flows through massive and ancient cypress trees and finally makes it way into the Atlantic Ocean through the Jupiter Inlet.
Read more about the river at http://www.rivers.gov/wsr-loxahatchee.html

Park Coordinator Sue Congelosi will lead a guided tour of the waterways that meander through Riverbend Park describing the local flora and fauna of this unique wetland environment.

Reservations are required at 561-966-6686.



Richard Sites
Jupiter/Tequesta Agent
rsites@coastalfloridarealestate.net

Case-Shiller Index shows price abatement

Data through May 2009, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that, although still negative, the annual rate of decline of the 10-City and 20-City Composites improved for the fourth consecutive month in 2009.

The S&P/Case-Shiller Home Price Indices measures the residential housing market, tracking changes in the value of the residential real estate market in 20 metropolitan regions across the United States. These indices use the repeat sales pricing technique to measure housing markets. First developed by Karl Case and Robert Shiller, this methodology collects data on single-family home re-sales, capturing re-sold sale prices to form sale pairs. This index family consists of 20 regional indices and two composite indices as aggregates of the regions.

Read the full story at: http://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_Release_072820.pdf

Finally, prices actually increased from April to May for the first time in 3 years.

Richard Sites
Jupiter/Tequesta Realtor

Jupiter home sales for last 30 days

This morning I published a post about the new home sales data that was released today.

After taking a look at this report and the news that many economists think we may have hit the bottom in terms of price deterioration, I thought it might be helpful to take a look at the single family home market in Jupiter.

The info below come from the Regional Multiple Listing Service data and although they should be correct but I can't guarantee it.


In the last 30 days, 66 single family homes sold within the city of Jupiter.

The median size was 2,040 sq. ft.

The median list price was $ 382,500 and they sold for an average of 94.2% of the listing price. And, the average selling price was $ 156.34 per square foot.

This is a big jump since typically houses have been selling for around 91% of the listing price.

The median time on the market was 123 days down several weeks from earlier this month.

All of these are signs that the market may be firming up. Are you seeing signs in your area that things may be turning?

Follow this blog or:
http://www.coastalfloridarealestate.net/

Richard Sites
Realtor in Jupiter/Tequesta

New home sales unexpectedly shoot up 11% in June


Sales of new homes in the U.S. in June rose by the biggest amount since November 2008, climbing by 11% to a seasonally adjusted annual rate of 384,000, higher than the 355,000 expected by most economists.

The report was stronger than expected and provided more evidence that the housing market has improved, analysts said.

"The evidence continues to grow that single-family housing activity has bottomed out," wrote John Ryding and Conrad DeQuadros of RDQ Economics. Read the full story http://www.marketwatch.com/story/sales-of-new-homes-rise-more-than-expected-in-june-2009-07-27?dist=bigcharts
Richard Sites

Tiger, Greg, Nick & now Bill??


OK, we've had the very secretive on Jupiter Island for a long time. But, according to the PB Post, our newest resident may be Bill Gates.
The paper is reporting that Gates has been shopping on Jupiter Island and why not? It's certainly some of the most prime real estate in the world. And, now may be the perfect time to snatch up a deal.
Some of our higher priced properties are only getting 60-70% of the asking price.
Donald Trump grabbed Mar A Lago after the government said it couldn't afford to maintain it. He paid $ 5,000,000 for it in 1985 and its now assessed at $ 20,000,000. And he picked up some of the other properties nearby as well.
Richard Sites
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