Riverfront Homes: 3 Sales Over $1 Million in the Last 30 Days
August 23, 2015 | Richard Sites
Riverfront homes in Jupiter and Tequesta have slowed their pace of sales in the last 30 days. As we move through the dog days of summer, fewer buyers are coming down to look at properties and make offers.
Right now, there are 36 river homes for sale priced over $1 million in this area. In the last 30 days only 3 have sold.
If we look a little deeper, we see that of these homes the median price was $1,875,000 or $681 per square foot down from the listing prices of $728 per foot. These homes were all about the same size which was just over 3,000 square feet.
In most cases, people are buying the location rather than the home. Why? This area is undergoing a major uptrend as more and more big money from Miami and Ft. Lauderdale “discover” the Jupiter lifestyle because anyone who can live in Jupiter…does!
If you would like to have a no pressure conversation about finding the right riverfront home, you can contact me using the form below or call me directly at 561-762-4073. Unlike most agents I have lived here 25 years and know the market inside and out. If you would like a copy of the latest real estate statistics for this area, you can use the form below as well.