As we get to wrapping up 2023 we can start to see how housing sales in the area will compare with 2022. For Jupiter the total Closed sales on houses are down every so slightly, 2.7%, but we see that the average, median, and total sales volumes are ALL UP! In Palm Beach Gardens we see that total units of houses are UP 11.6%, The median sales price of these is UP 6.5% but the avergae price is down 5.3% and yet the total volume of sales is UP 5.6%. This tells me what we who are in the amrket daya to day see. The high end houses are selling VERY WELL! Let’s look at Mirasol Vs Mirabella. In Mirasol there just 12 houses now for sale, 5 more under contract, and 18 sales in the last 6 months. That’s a 3 unit per month “absorption rate” and thus a 4 month supply of inventory. Next door, the much small Mirabella also has 12 houses for sale with anoth 5 under contract (that’s GREAT) and 11 sales in the last 6 months so call it 2 per month but a 6 month supply of inventory.
