Loxahatchee River homes over $2 million selling for 91% of OLP - Coastal Florida Real Estate

Loxahatchee River homes over $2 million selling for 91% of OLP

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).

Riverfront homes in Jupiter

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.

Richard Sites