Loxahatchee River Homes for sale: November summary
December 2, 2015 | Richard Sites
Loxahatchee river homes for sale continued a sideways trend with slow activity in listings but more sales than similarly priced homes in Admirals Cove. Right now, only 45 houses are listed for sale over $1 million (these are the direct riverfront homes).
The highest priced home at $8.9 million is located on the west side of the river in Jupiter. The price is still the original list price although the home has been on the market for 203 days.
Another home in this same area is on the market for $7.9 million, $2 million more than the owner paid for it 11 months earlier.
Another home also priced at $7.9 million but located on the east side of the river near Tequesta is also still at the original list price after 256 days on the market.
There were 5 sales during the last 30 days and 4 other houses went under contact. It is interesting to note that the homes that sold had a median price of $2.5 million and a per square foot price of $581 which is exactly the same as Admirals Cove, but with a smaller inventory there were more sales.
The big news of course was the Loxahatchee River Road home that went on the market at $3.8 million and sold the same day it was listed. It closed at $3.65 million or $703 per square foot.
You can see all riverfront homes for sale by using this link: Loxahatchee River homes for sale.
With nearly 1,000 waterfront properties in the river area, if you are looking at homes for sale here it pays to use someone with experience. Unlike most agents, I have lived here 25 years and know the market inside and out. Use the form below to contact me or for prompt, professional service call me directly at 561-762-4073.