Hot off the presses. The Realtors Association of the Palm Beaches (RAPB) just releases the housing sales numbers for October 2015…
Closed sales of Single family homes are off every so slightly while condo and town home sales are up slightly. In Jupiter closed sales of all products is down 8.4% and in Palm Beach Gardens down 3.3%. So what’s the story? It’s the adage of the old store keeper ‘It’s hard to sell from an empty shelf’. IN the entirety of the Town of Jupiter there are just 651 units for sale, down from 937 a year ago. I posted about the severe lack of inventory in the Bluffs. Between the Ridge and the River at the Bluffs there are 980 detached single family homes and there is just one currently active for sale at 976 Seashore. A similar story in Cypress Point where we have a small condo listed and it the only unit for sale. If a customer wants to be in one the houses at the Bluffs there is just one to go see.
