Jupiter – June Home Sales

Jupiter – June Home Sales

Home Sales | Statistics for the Town of Jupiter, Florida | June 2020

Source | Florida REALTORS

Snap shot represents Palm Beach County – All property types

Contact the Warner Team for more details and a complimentary home estimate.

What a Difference a Month Makes

In June, month-over-month home sales increased 74-percent in the town of Jupiter. The number of closed single-family homes increased 45-percent, townhomes, and condos, up over 112-percent. Inventory levels have yet to meet what is a healthy supply (6-months) in over a year, and dropped from 3.8 the previous month, to 3.3 percent in June.

The median price (half of the properties in the area sell at a higher price and the other half at a lower price) increased 4.7 percent from the previous month, up 4.9 percent from the prior year.  In June, the median price of single-family homes was $567,460, up 3.7 from the last month, and  7 percent from the same time the previous year. The median sale spruce of townhomes and condos soared, up 20.74 percent of the prior year, and an increase of over 7-percent from the month prior.

Now is an excellent time for homeowners considering a change to make a move.  Mortgage rates are at historic lows, and inventory is scarce. And although there is uncertainty surrounding many issues, there is no doubt that now, more than ever, home life is a priority to many folks—both here in South Florida and nationwide.

Sellers are in a superb position to secure the best possible price.  The Warner Team’s many years of local experience and expertise have helped hundreds of buyers and sellers in Jupiter. Contact Scott and Julie for a complimentary consultation and comprehensive valuation of your home’s value in today’s unique market.

Direct | 561-385-0938

 

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