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Million dollar Jupiter home sales break 12 year old record

The number of properties that sold for over $1M through the real estate community in the Northern Palm Beaches continues to climb. We have to go all the way back to 2009 to find a year where this very important market indicator declined. Each year, since then, the number of these premier properties sold in the Jupiter area has moved higher. Eight straight annual increases.

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Last year, the number of million dollar sales jumped 10.7%. Just as impressive was breaking the record that has stood since 2005 by over 9%. It was a most impressive year of big dollar home sales in the Jupiter area.

The rise has been rather dramatic, from 171 homes in 2009 to 444 that closed last year. A home that closes for a price above $1,000,000 is a daily occurrence in the Jupiter area. Keep in mind, many of these homes sell for far greater sums than a million dollars. Last year, the record sale weighed in at $28,000,000. Of course, that was for Celine Dion’s well publicized home on Jupiter Island that she was originally asking $72.5 million. You might say at $28 million was a bargain, but that is another story.

2018 is starting off well as January is always a big month for closings in this price range. With the stock market climbing, unemployment nearing record lows and the economy growing it looks like it is going to be a another great year for expensive real estate in Jupiter.


Fins up…….