Jupiter/Tequesta number of active listings drops to 802
June 25, 2015 | Richard Sites
Jupiter real estate is making another change. The dynamic real estate scene swings back and forth as economic factors change and buyers and sellers pick up “news” about what is happening and make their plans accordingly.
Unfortunately, the “news” is usually late in arriving.
What doesn’t arrive late is the daily status of our MLS with it’s “up to the minute” data. So I make it a point to check the “barometer” each morning to see what is active, what is under contract, what new properties are available for my clients as well as great deals. This morning, the MLS is showing that active listings of Jupiter/Tequesta homes for sale has dropped to just 802 down from our usual 950-ish.
Now it didn’t happen overnight.
But last year, I heard Mike Ferry say that sellers think it is 2005 and buyers think that it is 2011, and this market cannot continue forever. He also said that he thought we had about 18 months left in “this market”.
At Mike Ferry’s Superstar Retreats, where thousands of the country’s top agents gather twice a year, the agents he interviews on stage invariably are able to quote their local and daily real estate statistics. They do this by checking the MLS each morning for the stats.
So what does this mean to you. If you are buying, of course you will have fewer choices. This means you need to be thinking about your “highest and best” price when making your offer, not negotiating the price down. If you are selling, this may be a chance to get a higher percentage of your listing price than you otherwise would.
Your house probably is not worth any more…yet, but you might get a higher percentage of the list price when it goes under contract.
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 daily real estate updates and to my You Tube channel where there are over 350 videos on this area.