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