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Jupiter home prices slide in April

April was a month that brought us more single family homes sales than we have seen in the Jupiter area since June of last year. During the month, median single family home prices pulled back from the all time record highs we hit just 30 days ago. On April 1st, that median price sat at $507,500 and today we sit at $500,000.

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We should see strong closing numbers again next month as we head into June, which is invariably, the strongest month we will see all year for single family home sales in the Jupiter area. Pending home sales have been up for three straight months but a bit of softening is already underway as we head into the slower summer months.

April single family home sales were up over 9% from March numbers, but still lagged 2018 numbers by almost 5%. Median sales prices on single family homes are up only $1,500 from year ago numbers.

It’s going to be a very interesting summer, and we want to remind everyone that Paradise Sharks is still offering significant buyer credits to all buyers we represent in a transaction. On that median single family home, your credit on a home offering a 3% co-broke commission would equal $5,000. Every transaction, every Paradise Sharks client, gets a closing credit as our way of saying thank you for trusting us with all your real estate needs. Buying, or selling, if you want to learn more about how our boutique brokerage has kicked the middleman right out of the real estate transaction and passes those saving directly to our clients just let us know. We are super easy to reach at 561.308.0175 or tom@paradisesharks.com and would enjoy the opportunity to be of help.

 

Fins up…..

 

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