I’ve done a few blogs in the past. Once. Each. I can’t even recall how to find them. They are out there somewhere in the world. I’m hoping this time will be different. So, welcome to my blog. I actually have a few things to say today. I don’t always. I’ll try to spare you those times.
First, I looked up the stats to see compared to last year- do we really have so few homes on the market here in Jupiter? Here’s what I found….. drum roll, hold your breath, sit down…. Maybe just continue reading…
Last year from January to November 21st – (all residential real estate in Jupiter- single family homes, but not waterfront, 55+, foreclosure, nor short sale)
1202 homes went “active”. So this misses homes that sold right away on day 1 – 10.
Of the solds, the average sales price was $393,779.
This year from January to November 21st-
1281 actives (same- missed day 1 – 10 new ones that sold)
$439,122 average sale price
So, what can we get from this brief glimpse….
Really, the amount of homes on the market seems fairly similar- 79 more homes in fact than last year.
Prices are going up. That’s a bit more than a 10% increase over last year.
The price increase is consistent with what I’ve been seeing as I’ve been out there showing homes and talking with owners. The # of homes on the market does not seem consistent. There are homes on the market. They are just moving off the market more quickly.
Next blog, I’ll take a look at days on market as a factor.