Jupiter homes for sale over $1 million
June 21, 2015 | Richard Sites
When it comes to luxurious living, the southeast Florida coast is one of the top spots in the country. And no place is this more apparent than in Jupiter and Tequesta.
For such a small geographic area we have an abundance of luxury homes for sale. Right now, there are 133 single family homes on the market priced over $1 million.
The median price per square foot is $498 and sales are brisk in the luxury range. These houses sell at the rate of about 1 every other day. There have been 66 sales in the last 120 days alone but the median price on these sales was just $384 per square foot (compare that to $498 for the current listings) and this is just 88.75% of the original list price.
The median sale prices were reduced by $200,000 to get a contract. This shows that we may have reached a slowdown in what buyers are willing to pay.
If you would like to have a conversation about Jupiter luxury real estate you can reach me at 561-762-4073. Unlike most agents, I have lived here 25 years and know the market inside and out. And be sure to subscribe to this site for my real estate updates and to my You Tube channel where there are over 350 videos on this area.