In Palm Beach County the third quarter of 2015 saw the number of single family homes sold increase by 11% and the median sales price up buy 5.8% In Condos the number of closed sales increased 14% and the median sales price jumped 11.3%.
Juno Beach 2015 Arts and Crafts Festival
The Juno Beach Arts & Crafts festival is this weekend November 14th and 15th from 10 am to 5 pm. The festival is all along Ocean Drive which will be closed from Donald Ross north to Marcinski at the Bluffs Plaza. The cost of the festival is free and it’s a great place to shop for some truly unique gifts for the upcoming holiday season. R&R Realty is located right across the street in the Plaza La Mer if you would like to stop in and say hello or see what’s available for sale in the area. CLICK HERE to go to the site for the company that’s organizing this event.
The next event in Juno Beach will be:
DiVosta Four Plex
The DiVosta four-plex or Quad is a staple of the Northern Palm Beach County real estate. According to a book I read on the history of Palm Beach Gardens these were first used by Buzz at the Sandalwood location along Gardens Road and in the Estates Section off of Burns Rd. At this location they were used as economical housing. True to DiVosta form, they are built like bunkers with poured concrete roofs and walls. They can be found all over the North County including Sandalwood, PGA National, the Lakes at the Bluffs and the River at the Bluffs North. The product was so well received that there is a community in Tequesta where the design was copied but constructed in wood. There are several variations on this basic design but they all resemble the floor plan below for the 2 bed, 2 full and one half bath units. If you are looking at these, try to get one with the extra half bath. Otherwise you end up with a full bath downstairs which guests must use and the 2 bedrooms upstairs share the hallway bath.
September 2015 Housing in Palm Beach County up by double digits
September 2015 Housing in Palm Beach County up by double digits. I was just looking over the press release from the Realtors Association of the Palm Beaches and sales numbers are way up yet again. The number of single family homes sold in Palm Beach County was up by 12.8% and the median sales price is up 5.9%. Even better numbers for Condos and Town Houses which saw a 16.2% rise is the number of units sold and a 15.5% gain in the median sales price when compared to last year.
Inventory is extremely low still and this continues to drive prices up. Let’s look at total units for sale Jupiter Florida:
- September 2012 – 1187
- September 2013 – 860
- September 2014 – 915
- September 2015 – 641
Thus, the inventory in Jupiter went down by 46% from 2012 to 2015. AND, during this same time the median sales price went from 232,000 to 321,000. A 38% increase in the median sales price. Jupiter has about 30,000 housing units so about 2% of the market is now for sale. This is extremely low
Palm Beach County Market Update
Alton by Kolter update
I just got an email with some updates on the Alton development at the corner of Donald Ross Rd and 95. Kolter is developing this site which will be a mix of commercial and office space on Donald Ross with residential in the back of the property. The first phase to be built will be at the end of Grandiflora Rd just west of the Benjamin School. In this phase there will be a little over 100 single family house lots and some town homes. The detached houses will one and two story homes with 2 to 5 bedrooms, 2 to 4 full bathrooms and 2 or 3 car garage with an optional pool/spa. The first lots to be released will have southern expose with their back yards facing Grandiflora Rd and easy access to the new club house. The town homes will be 3 story, 3 to 4 bedroom with 2 to 3 full bathrooms and a 2 car garage in the back similar to others in the area of a similar design.
The model home grand opening is scheduled for December 2015. If you would like more information on these please feel free to contact us
Shoppes at Jupiter SOLD!
The Shoppes at Jupiter (201 North US Highway 1 , Jupiter, FL 33477) which were recently auctioned has sold on 20 August. The location consists of 24.35 acres with 196,941 s.f. of space sold to ORION VENTURE XI JUPITER LLC 200 S BISCAYNE BLVD FL 6, MIAMI FL 33131 for 27,772,500. This is $141 per square foot.
The sales history of this property shows the gyration of the local market in recent years. It sold for 9.2M in 1996, then 41.1M in 2008, 2M for a forclosure in 2013 and now 27.7M.
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