Loxahatchee River homes over $2 million selling for 91% of OLP
September 17, 2015 | Richard Sites
Homes for sale on the Loxahatchee River fall into 2 main categories: Those under $2 million and those over it. Right now there are 39 active listings on the river with 24 over $2 million and 15 under it (of those homes priced over $1 million).
Why the big difference in price categories?
Those grouped under $2 million are likely to be closer in price than the higher priced listings. For example, the highest priced listed home is $8.9 million which is over 4 times the $2 million threshold.
Getting accurate data is difficult when there is such a wide range of prices.
Homes for sale in Jupiter on the river and priced over $2 million are bringing 91% of the original list price and 93% of the list price at the time they go under contract. This means that on average these homes are taking a 2% reduction in the listing price in order to sell.
Homes priced around our median in the $400,000 – $600,000 range typically bring around 95% of the list price.
See all waterfront homes for sale in Jupiter and Tequesta over $2 million by using this link.
If you would like to have a conversation about the luxury market in Jupiter, use the form below or contact me directly at 561-762-4073. Unlike many agents, I have lived here 25 years and know the market inside and out.