Friday, February 24, 2006
Jupiter Florida real estate
Jupiter Florida Real Estate Oceanfront & Beachside Condos
Visit www.JupiterHomeSeller.com for more information regarding Jupiter Real estate
Beachcomber
4161 S. US Hwy 1
Jupiter, Florida
A1A South of Marsinki RdClick here for more information
Bella Vista
Jupiter, Florida
Behind Jupiter Bay South Of Indiantown Rd.Click here for more information
Corinthians South
176 Helios
Jupiter, Florida
AIA South of Ocean WayClick here for more information
Estuary of Jupiter
Part of Jupiter Dunes
Jupiter, Florida
East of A1A North of Indiantown RdClick here for more information
Jupiter Bay
251 S. US Hwy 11
Jupiter, Florida
South of Indiantown Rd on US 1Click here for more information
Jupiter By The Sea
1660 S. A1A
Jupiter, Florida
South of Ocean Way on A1AClick here for more information
Jupiter Dunes
Jupiter, Florida
North of Indiantown on A1AClick here for more information
Jupiter Harbor
1000 N. US Hwy 1
Jupiter, Florida
US 1 By the Jupiter Inlet BridgeClick here for more information
Jupiter Ocean Grande
Jupiter, Florida
Ocean Way & A1A Click here for more information
Jupiter Ocean & Racquet
1605 S. US Hwy 1
Jupiter, FL 33477
US Hwy 1 & Ocean WayClick here for more information
Jupiter One
Jupiter, Florida
Ocean Way between A1A & US 1Click here for more information
Jupiter Yacht Club
US 1 South of Indiantown Rd on The IntracoastalClick here for more information
Marina at the Bluffs
Jupiter Florida
Marsinski west of US 1Click here for more information
Oceancrest
1300 A1A
Jupiter, Florida
A1A & Ocean WayClick here for more information
Oceanside Terrace
1801 S. US Hwy 1
Jupiter, Florida
US 1 just south of Ocean WayClick here for more information
Ocean Bluffs North
Jupiter, Florida
Between A1A & US 1 North of MarsinskiClick here for more information
Ocean Bluffs South
Jupiter, FloridaBetween US1 & A1A on Bluffs BlvdClick here for more information
Ocean Club
2000 S US Hwy 1
Jupiter, Florida
A1A South of Ocean WayClick here for more information
Ocean Cove
Ocean Cove Drive
Jupiter, Florida
US 1 South of IndiantownClick here for more information
Ocean Parks
300 N. A1A
Jupiter, Florida
A1A just North of Indiantown RdClick here for more information
Ocean Trails
Jupiter, Florida
A1A and Indiantown RdClick here for more information
Park Plaza Apts
1100 E. Indiantown Rd
Jupiter, Florida
Click here for more information
Seabrook Place
Jupiter, Florida
US 1 South of IndiantownClick here for more information
Sea Colony
Jupiter, Florida
A1A Just North of Marsinski RdClick here for more information
Sea PalmsJupiter, FloridaWest of A1A on Indiantown RdClick here for more information
Villas on The Green
Jupiter, Florida
South of Indiantown on US 1Click here for more information
LOCATION #1. Maison de la Mer2. 3. Jupiter Ocean Grande4. Jupiter By The Sea5. The Corinthians6. Jupiter Key7. Ocean Club Jupiter8. Ocean Club Townhomes9. Jupiter Bay10. Sea Brook Place11. Jupiter Ocean & Racquet Club12. Mangrove BayJupiter Florida Real Estate Oceanfront Condos in Jupiter
Return to: Jupiter Real Estate
About - Featured Listings - Search for Homes - Free Reports
Favorite Links - Apply Online - School Info - Community Links
Dream Home Finder - Resource Center - Your Home's Value - Local Partners
Visit www.JupiterHomeSeller.com for more information regarding Jupiter Real estate
Beachcomber
4161 S. US Hwy 1
Jupiter, Florida
A1A South of Marsinki RdClick here for more information
Bella Vista
Jupiter, Florida
Behind Jupiter Bay South Of Indiantown Rd.Click here for more information
Corinthians South
176 Helios
Jupiter, Florida
AIA South of Ocean WayClick here for more information
Estuary of Jupiter
Part of Jupiter Dunes
Jupiter, Florida
East of A1A North of Indiantown RdClick here for more information
Jupiter Bay
251 S. US Hwy 11
Jupiter, Florida
South of Indiantown Rd on US 1Click here for more information
Jupiter By The Sea
1660 S. A1A
Jupiter, Florida
South of Ocean Way on A1AClick here for more information
Jupiter Dunes
Jupiter, Florida
North of Indiantown on A1AClick here for more information
Jupiter Harbor
1000 N. US Hwy 1
Jupiter, Florida
US 1 By the Jupiter Inlet BridgeClick here for more information
Jupiter Ocean Grande
Jupiter, Florida
Ocean Way & A1A Click here for more information
Jupiter Ocean & Racquet
1605 S. US Hwy 1
Jupiter, FL 33477
US Hwy 1 & Ocean WayClick here for more information
Jupiter One
Jupiter, Florida
Ocean Way between A1A & US 1Click here for more information
Jupiter Yacht Club
US 1 South of Indiantown Rd on The IntracoastalClick here for more information
Marina at the Bluffs
Jupiter Florida
Marsinski west of US 1Click here for more information
Oceancrest
1300 A1A
Jupiter, Florida
A1A & Ocean WayClick here for more information
Oceanside Terrace
1801 S. US Hwy 1
Jupiter, Florida
US 1 just south of Ocean WayClick here for more information
Ocean Bluffs North
Jupiter, Florida
Between A1A & US 1 North of MarsinskiClick here for more information
Ocean Bluffs South
Jupiter, FloridaBetween US1 & A1A on Bluffs BlvdClick here for more information
Ocean Club
2000 S US Hwy 1
Jupiter, Florida
A1A South of Ocean WayClick here for more information
Ocean Cove
Ocean Cove Drive
Jupiter, Florida
US 1 South of IndiantownClick here for more information
Ocean Parks
300 N. A1A
Jupiter, Florida
A1A just North of Indiantown RdClick here for more information
Ocean Trails
Jupiter, Florida
A1A and Indiantown RdClick here for more information
Park Plaza Apts
1100 E. Indiantown Rd
Jupiter, Florida
Click here for more information
Seabrook Place
Jupiter, Florida
US 1 South of IndiantownClick here for more information
Sea Colony
Jupiter, Florida
A1A Just North of Marsinski RdClick here for more information
Sea PalmsJupiter, FloridaWest of A1A on Indiantown RdClick here for more information
Villas on The Green
Jupiter, Florida
South of Indiantown on US 1Click here for more information
LOCATION #1. Maison de la Mer2. 3. Jupiter Ocean Grande4. Jupiter By The Sea5. The Corinthians6. Jupiter Key7. Ocean Club Jupiter8. Ocean Club Townhomes9. Jupiter Bay10. Sea Brook Place11. Jupiter Ocean & Racquet Club12. Mangrove BayJupiter Florida Real Estate Oceanfront Condos in Jupiter
Return to: Jupiter Real Estate
About - Featured Listings - Search for Homes - Free Reports
Favorite Links - Apply Online - School Info - Community Links
Dream Home Finder - Resource Center - Your Home's Value - Local Partners
Thursday, February 23, 2006
Jupiter Ocean Grande
Jupiter Ocean Grande
Once again I visited Jupiter Ocean Grande and keep coming back and saying how nice the complex is.It is a first class condo with views of the ocean as well as views of Lake Olympus. Features include beautifully decorated club rooms , billard rooms and unbelievable lobby's.Condos range from 2,000 sq. ft to almost 2,500 sq. ft with more balconies then you can count.If you would like to see what is available please visit my website www.JupiterHomeSeller.com for photos, floorplans and photos.This is a first class condo.
Jupiter Ocean Grande
Jim McLaneJupiter 1 Realty
561-756-6636www.JupiterHomeSeller.com
Once again I visited Jupiter Ocean Grande and keep coming back and saying how nice the complex is.It is a first class condo with views of the ocean as well as views of Lake Olympus. Features include beautifully decorated club rooms , billard rooms and unbelievable lobby's.Condos range from 2,000 sq. ft to almost 2,500 sq. ft with more balconies then you can count.If you would like to see what is available please visit my website www.JupiterHomeSeller.com for photos, floorplans and photos.This is a first class condo.
Jupiter Ocean Grande
Jim McLaneJupiter 1 Realty
561-756-6636www.JupiterHomeSeller.com
Thursday, February 16, 2006
Jupiter Florida real Estate
Visit www.JupiterHomeSeller.com
Jupiter Florida Real Estate Oceanfront & Beachside Condos
Beachcomber
4161 S. US Hwy 1
Jupiter, Florida
A1A South of Marsinki RdClick here for more information
Bella Vista
Jupiter, Florida
Behind Jupiter Bay South Of Indiantown Rd.Click here for more information
Corinthians South
176 Helios
Jupiter, Florida
AIA South of Ocean WayClick here for more information
Estuary of Jupiter
Part of Jupiter Dunes
Jupiter, Florida
East of A1A North of Indiantown RdClick here for more information
Jupiter Bay
251 S. US Hwy 11
Jupiter, Florida
South of Indiantown Rd on US 1Click here for more information
Jupiter By The Sea
1660 S. A1A
Jupiter, Florida
South of Ocean Way on A1AClick here for more information
Jupiter Dunes
Jupiter, Florida
North of Indiantown on A1AClick here for more information
Jupiter Harbor
1000 N. US Hwy 1
Jupiter, Florida
US 1 By the Jupiter Inlet BridgeClick here for more information
Jupiter Ocean Grande
Jupiter, Florida
Ocean Way & A1A Click here for more information
Jupiter Ocean & Racquet
1605 S. US Hwy 1
Jupiter, FL 33477
US Hwy 1 & Ocean WayClick here for more information
Jupiter One
Jupiter, Florida
Ocean Way between A1A & US 1Click here for more information
Jupiter Yacht Club
US 1 South of Indiantown Rd on The IntracoastalClick here for more information
Marina at the Bluffs
Jupiter Florida
Marsinski west of US 1Click here for more information
Oceancrest
1300 A1A
Jupiter, Florida
A1A & Ocean WayClick here for more information
Oceanside Terrace
1801 S. US Hwy 1
Jupiter, Florida
US 1 just south of Ocean WayClick here for more information
Ocean Bluffs North
Jupiter, Florida
Between A1A & US 1 North of MarsinskiClick here for more information
Ocean Bluffs South
Jupiter, FloridaBetween US1 & A1A on Bluffs BlvdClick here for more information
Ocean Club
2000 S US Hwy 1
Jupiter, Florida
A1A South of Ocean WayClick here for more information
Ocean Cove
Ocean Cove Drive
Jupiter, Florida
US 1 South of IndiantownClick here for more information
Ocean Parks
300 N. A1A
Jupiter, Florida
A1A just North of Indiantown RdClick here for more information
Ocean Trails
Jupiter, Florida
A1A and Indiantown RdClick here for more information
Park Plaza Apts
1100 E. Indiantown Rd
Jupiter, Florida
Click here for more information
Seabrook Place
Jupiter, Florida
US 1 South of IndiantownClick here for more information
Sea Colony
Jupiter, Florida
A1A Just North of Marsinski RdClick here for more information
Sea PalmsJupiter, FloridaWest of A1A on Indiantown RdClick here for more information
Villas on The Green
Jupiter, Florida
South of Indiantown on US 1Click here for more information
LOCATION #1. Maison de la Mer2. 3. Jupiter Ocean Grande4. Jupiter By The Sea5. The Corinthians6. Jupiter Key7. Ocean Club Jupiter8. Ocean Club Townhomes9. Jupiter Bay10. Sea Brook Place11. Jupiter Ocean & Racquet Club12. Mangrove BayJupiter Florida Real Estate Oceanfront Condos in Jupiter
Return to: Jupiter Real Estate
About - Featured Listings - Search for Homes - Free Reports
Favorite Links - Apply Online - School Info - Community Links
Dream Home Finder - Resource Center - Your Home's Value - Local Partners
Jupiter Florida Real Estate Oceanfront & Beachside Condos
Beachcomber
4161 S. US Hwy 1
Jupiter, Florida
A1A South of Marsinki RdClick here for more information
Bella Vista
Jupiter, Florida
Behind Jupiter Bay South Of Indiantown Rd.Click here for more information
Corinthians South
176 Helios
Jupiter, Florida
AIA South of Ocean WayClick here for more information
Estuary of Jupiter
Part of Jupiter Dunes
Jupiter, Florida
East of A1A North of Indiantown RdClick here for more information
Jupiter Bay
251 S. US Hwy 11
Jupiter, Florida
South of Indiantown Rd on US 1Click here for more information
Jupiter By The Sea
1660 S. A1A
Jupiter, Florida
South of Ocean Way on A1AClick here for more information
Jupiter Dunes
Jupiter, Florida
North of Indiantown on A1AClick here for more information
Jupiter Harbor
1000 N. US Hwy 1
Jupiter, Florida
US 1 By the Jupiter Inlet BridgeClick here for more information
Jupiter Ocean Grande
Jupiter, Florida
Ocean Way & A1A Click here for more information
Jupiter Ocean & Racquet
1605 S. US Hwy 1
Jupiter, FL 33477
US Hwy 1 & Ocean WayClick here for more information
Jupiter One
Jupiter, Florida
Ocean Way between A1A & US 1Click here for more information
Jupiter Yacht Club
US 1 South of Indiantown Rd on The IntracoastalClick here for more information
Marina at the Bluffs
Jupiter Florida
Marsinski west of US 1Click here for more information
Oceancrest
1300 A1A
Jupiter, Florida
A1A & Ocean WayClick here for more information
Oceanside Terrace
1801 S. US Hwy 1
Jupiter, Florida
US 1 just south of Ocean WayClick here for more information
Ocean Bluffs North
Jupiter, Florida
Between A1A & US 1 North of MarsinskiClick here for more information
Ocean Bluffs South
Jupiter, FloridaBetween US1 & A1A on Bluffs BlvdClick here for more information
Ocean Club
2000 S US Hwy 1
Jupiter, Florida
A1A South of Ocean WayClick here for more information
Ocean Cove
Ocean Cove Drive
Jupiter, Florida
US 1 South of IndiantownClick here for more information
Ocean Parks
300 N. A1A
Jupiter, Florida
A1A just North of Indiantown RdClick here for more information
Ocean Trails
Jupiter, Florida
A1A and Indiantown RdClick here for more information
Park Plaza Apts
1100 E. Indiantown Rd
Jupiter, Florida
Click here for more information
Seabrook Place
Jupiter, Florida
US 1 South of IndiantownClick here for more information
Sea Colony
Jupiter, Florida
A1A Just North of Marsinski RdClick here for more information
Sea PalmsJupiter, FloridaWest of A1A on Indiantown RdClick here for more information
Villas on The Green
Jupiter, Florida
South of Indiantown on US 1Click here for more information
LOCATION #1. Maison de la Mer2. 3. Jupiter Ocean Grande4. Jupiter By The Sea5. The Corinthians6. Jupiter Key7. Ocean Club Jupiter8. Ocean Club Townhomes9. Jupiter Bay10. Sea Brook Place11. Jupiter Ocean & Racquet Club12. Mangrove BayJupiter Florida Real Estate Oceanfront Condos in Jupiter
Return to: Jupiter Real Estate
About - Featured Listings - Search for Homes - Free Reports
Favorite Links - Apply Online - School Info - Community Links
Dream Home Finder - Resource Center - Your Home's Value - Local Partners
Wednesday, February 15, 2006
Jupiter Florida real estate
Thinking of moving to Jupiter? Jupiter is a wonderful place to live with all the amenities in the surrounding area. Not sure of a Jupiter condo or home?
Use our Search MLS feature at www.JupiterHomeSeller.com and search by subdivision, zip code or city. These is a great feature. Jupiter condos by the beach offers many luxuries such as easy access to the beach. A dog friendly beach. Maybe your a golfer and we have places such as Admirals Cove, Jupiter Hills or the Ritz Carlton.
Try our site and discover Jupiter. From Jupiter Real Estate to area attractions as well as pictures of many communities. Don't be afraid to call and ask and we'll get you the information you need.
Jupiter Ocean Grande, Jupiter Yacht Club, Jupiter Ocean & Racquet.
Come visit Jupiter Real Estate at it's finest.
If you are looking for condos in Boca Raton or Highland Beach visit www.BocaRatonHomeSeller.com to search for Boca Raton Real Estate or a Highland Beach condo. Boca Raton real estate is one of the better bargains in Palm Beach County.
Thinking of selling your home. Try our true 2% Real Estate Commissions. Full service
2% Real Estate commissions or a flat fee MLS listing. You chose. The discount realtor with the full service option.
Use our Search MLS feature at www.JupiterHomeSeller.com and search by subdivision, zip code or city. These is a great feature. Jupiter condos by the beach offers many luxuries such as easy access to the beach. A dog friendly beach. Maybe your a golfer and we have places such as Admirals Cove, Jupiter Hills or the Ritz Carlton.
Try our site and discover Jupiter. From Jupiter Real Estate to area attractions as well as pictures of many communities. Don't be afraid to call and ask and we'll get you the information you need.
Jupiter Ocean Grande, Jupiter Yacht Club, Jupiter Ocean & Racquet.
Come visit Jupiter Real Estate at it's finest.
If you are looking for condos in Boca Raton or Highland Beach visit www.BocaRatonHomeSeller.com to search for Boca Raton Real Estate or a Highland Beach condo. Boca Raton real estate is one of the better bargains in Palm Beach County.
Thinking of selling your home. Try our true 2% Real Estate Commissions. Full service
2% Real Estate commissions or a flat fee MLS listing. You chose. The discount realtor with the full service option.
Sunday, February 12, 2006
Jupiter Florida real estate
An interesting article regarding Jupiter Real Estate
Visit www.JupiterHomeSeller.com to view condos and homes for sale in Jupiter Florida.
Once-torrid housing market cools
By Jeff Ostrowski
Palm Beach Post Staff Writer
Sunday, February 12, 2006
Four months after putting their Wellington home on the market and cutting the price $40,000, John and Mary Porter are still waiting for an offer.
The couple moved to Los Angeles in October, and they figured their three-bedroom house would sell quickly. After all, the ranch-style home boasts a manicured lawn and a renovated kitchen with granite counters and a beer tap — and it's in Palm Beach County, which just a year ago hosted one of the nation's top housing markets.
Damon Higgins/The Post
enlarge
'They have a beautiful home,' says agent Randy Bianchi, referring to a relocated couple who owns this Wellington property. 'It's just a tragedy of timing.' The sellers have dropped the price $40,000 in four months.
Gallery of homes still on market
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Is the housing market cooling off?
Yes
No
Voter Limit: Once per Day View Poll Results
Get the latest on real estate trends, costs, problems in South Florida in The Post's occasional series.• Behind the Housing BoomMapping the Boom• See charts of ten years of data from county neighborhoods
More local news
Latest breaking news, photos and all of today's Post stories.• State newsStorm 2006: Hurricane news• Sound off in the forum• Columnists• Crime, live scanners• Photos Special reports• Weather Traffic Obituaries
But the Porters listed their home for sale precisely as the inevitable slowdown arrived.
Real estate agents and home sellers throughout the county describe a dramatic shift from what only six months ago was a strong seller's market. There's no crash yet — sale prices have flattened rather than plummeted — but there's plenty of evidence the five-year boom has peaked.
The chill came quickly. Just last year, torrid price spikes made Palm Beach County the nation's third-hottest housing market, according to the National Association of Realtors. Prices here jumped 35.9 percent from early 2004 to early 2005. The typical home's value rose at a rate of nearly $1,900 a week.
Amid the frenzy, sellers enjoyed bidding wars and full-price offers. Today they're waiting for months and watching the "for sale" signs multiply in their neighborhoods as buyers take a breather.
The change is an eye-opening one for sellers such as the Porters. They could use the cash that's tied up in their Wellington house.
"It's tough," John Porter said last week from his new job in California. "My mortgage there is $2,000, and my rent here is $2,350, so we're not doing much but working and paying the mortgage." www.JupiterHomeSeller.com
The Porters initially asked $409,000 for their house at 627 Carnation Court, but they've cut the price to $369,000, said their real estate agent, Randy Bianchi of Paradise Properties in West Palm Beach. The Porters paid $279,000 for the house in 2004.
"They have a beautiful home," Bianchi said. "It's just a tragedy of timing."
Indeed, it seems as though everyone decided to sell at once. The number of homes for sale in Palm Beach County nearly tripled in the past two years, from about 7,800 two years ago to more than 20,000 today.
Any economist will tell you that a spike in supply is bad news for prices.
Of course, the rising inventory of homes is good news for buyers, who are enjoying some newfound bargaining room.
Robert Trinchet moved to Wellington from the Cleveland area last year after a job transfer. He decided to rent rather than wade into a market that was awash in what he calls "senseless euphoria."
Trinchet has been trolling for a deal on the Web site of Homekeys, a Miami real estate firm, and he has noticed a number of sellers reining in their list prices.
"What I've seen is pretty encouraging," Trinchet said. "A lot of the same homes we were looking at in September are still on the market."
Trinchet said he has a contract on a Wellington home for 17 percent below the asking price. He would not offer further details for fear of nixing the deal.
Buyers bargaining harder
Indeed, the slowdown is spurring a backlash from once-beleaguered buyers, who suddenly feel free to drive hard bargains, said Mike Dooley, a broker at Illustrated Properties in Hobe Sound and president of the Florida Association of Realtors.
"We're seeing buyers coming in and making very low offers," Dooley said. "That's just evidence of the pendulum swing."
Sellers simply roll their eyes at low-ball offers, Dooley said. But buyers suddenly have more choices, and now they enjoy the luxury of making a discounted bid without the fear of losing out to another buyer.
The spread of buyers' revenge is bad news for sellers such as Brian Williams. The marriage counselor and his wife put their Lake Worth home on the market in September.
The house at 821 N. Lakeside Drive was built in 1925. It offers historic charm and a location near the Intracoastal Waterway. Williams has not lowered his $496,000 asking price, even though offers have been scarce.
"I'm disappointed that there isn't more traffic," he said. "I'd consider reducing the price if houses started selling in the area at lower prices, and if people were making offers that were lower. But I haven't seen any evidence that it's about prices yet."
Meantime, Williams cannot miss the telltale signs of a cooling market: "For sale" signs are multiplying in his neighborhood.
"There seems to be 5,000 homes for sale on Lakeside," Williams said, "and nothing's selling, so that's a little frustrating."
A couple of blocks away, Sharon Gorman is asking $369,000 for her home. That once was a price guaranteed to attract offers, but the house has languished on the market for three months.
"The market is full of houses right now," Gorman said. "It looks like half the county is for sale."
Unlike the Porters, neither Williams nor Gorman are especially motivated. Both said that if they sell, they'll buy homes elsewhere in Palm Beach County.
Their agent, Bo Allen of The Pier Group in Lake Worth, said sellers need to get used to a new reality. The days of aggressive pricing, eager buyers and house-hungry speculators are over.
"You've got a lot of investors starting to bail out," Allen said. "And you've got all these talking heads on TV telling people the market's going to crash."
Jobs, beaches still enticing
Which begs the question: Will prices plunge, or is this slowdown just a return to normalcy?
Some economists warn that Palm Beach County's rapid run-up in prices makes the market ripe for a fall.
For instance, National City Corp. of Cleveland says Palm Beach County homes are overpriced by 57 percent, while Treasure Coast houses are inflated by 72 percent. To calculate those figures, the financial services firm compared home prices with incomes.
Others say the slowdown will lead to a soft landing rather than a crash. The National Association of Realtors last week predicted that the number of sales nationwide will dip slightly in 2006 from last year's record, while price appreciation will slow to 5 percent from last year's 12.7 percent.
Besides Palm Beach County and the Treasure Coast, the housing market is cooling statewide and nationally. Realtors in other once-hot markets such as California and Washington, D.C. report a growing inventory of homes and more restrained buyers.
Ellen Bitton, owner of Park Avenue Mortgage Group in Palm Beach, said Palm Beach County property prices will be propped up by an influx of retirees and new residents drawn by sandy beaches and a strong job market.
"There are still people who want to live in Palm Beach County," Bitton said.
How quickly those new arrivals will snap up the glut of homes and condominiums is another matter.
"It is a little disconcerting to drive down some of these streets and see every other house for sale," said Brad Westover, owner of American Harbour Realty in Jupiter.
Even if there's no crash, area sellers will have to get used to the idea that their homes are not the gold mines they once were. Westover said one of his clients recently accepted $650,000 for a home listed for $750,000.
"If she had not run with that offer, in all likelihood she'd still be sitting there with that property," Westover said. "For the first time in five years, people are actually taking a breath, instead of just buying."
Visit www.JupiterHomeSeller.com for real estate in Jupiter Florida.
Oceanfront condos in Jupiter Florida.
Jupiter Waterfront Homes
Jupiter Real Estate
Jupiter Florida
Search MLS Here
Visit www.JupiterHomeSeller.com to view condos and homes for sale in Jupiter Florida.
Once-torrid housing market cools
By Jeff Ostrowski
Palm Beach Post Staff Writer
Sunday, February 12, 2006
Four months after putting their Wellington home on the market and cutting the price $40,000, John and Mary Porter are still waiting for an offer.
The couple moved to Los Angeles in October, and they figured their three-bedroom house would sell quickly. After all, the ranch-style home boasts a manicured lawn and a renovated kitchen with granite counters and a beer tap — and it's in Palm Beach County, which just a year ago hosted one of the nation's top housing markets.
Damon Higgins/The Post
enlarge
'They have a beautiful home,' says agent Randy Bianchi, referring to a relocated couple who owns this Wellington property. 'It's just a tragedy of timing.' The sellers have dropped the price $40,000 in four months.
Gallery of homes still on market
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Is the housing market cooling off?
Yes
No
Voter Limit: Once per Day View Poll Results
Get the latest on real estate trends, costs, problems in South Florida in The Post's occasional series.• Behind the Housing BoomMapping the Boom• See charts of ten years of data from county neighborhoods
More local news
Latest breaking news, photos and all of today's Post stories.• State newsStorm 2006: Hurricane news• Sound off in the forum• Columnists• Crime, live scanners• Photos Special reports• Weather Traffic Obituaries
But the Porters listed their home for sale precisely as the inevitable slowdown arrived.
Real estate agents and home sellers throughout the county describe a dramatic shift from what only six months ago was a strong seller's market. There's no crash yet — sale prices have flattened rather than plummeted — but there's plenty of evidence the five-year boom has peaked.
The chill came quickly. Just last year, torrid price spikes made Palm Beach County the nation's third-hottest housing market, according to the National Association of Realtors. Prices here jumped 35.9 percent from early 2004 to early 2005. The typical home's value rose at a rate of nearly $1,900 a week.
Amid the frenzy, sellers enjoyed bidding wars and full-price offers. Today they're waiting for months and watching the "for sale" signs multiply in their neighborhoods as buyers take a breather.
The change is an eye-opening one for sellers such as the Porters. They could use the cash that's tied up in their Wellington house.
"It's tough," John Porter said last week from his new job in California. "My mortgage there is $2,000, and my rent here is $2,350, so we're not doing much but working and paying the mortgage." www.JupiterHomeSeller.com
The Porters initially asked $409,000 for their house at 627 Carnation Court, but they've cut the price to $369,000, said their real estate agent, Randy Bianchi of Paradise Properties in West Palm Beach. The Porters paid $279,000 for the house in 2004.
"They have a beautiful home," Bianchi said. "It's just a tragedy of timing."
Indeed, it seems as though everyone decided to sell at once. The number of homes for sale in Palm Beach County nearly tripled in the past two years, from about 7,800 two years ago to more than 20,000 today.
Any economist will tell you that a spike in supply is bad news for prices.
Of course, the rising inventory of homes is good news for buyers, who are enjoying some newfound bargaining room.
Robert Trinchet moved to Wellington from the Cleveland area last year after a job transfer. He decided to rent rather than wade into a market that was awash in what he calls "senseless euphoria."
Trinchet has been trolling for a deal on the Web site of Homekeys, a Miami real estate firm, and he has noticed a number of sellers reining in their list prices.
"What I've seen is pretty encouraging," Trinchet said. "A lot of the same homes we were looking at in September are still on the market."
Trinchet said he has a contract on a Wellington home for 17 percent below the asking price. He would not offer further details for fear of nixing the deal.
Buyers bargaining harder
Indeed, the slowdown is spurring a backlash from once-beleaguered buyers, who suddenly feel free to drive hard bargains, said Mike Dooley, a broker at Illustrated Properties in Hobe Sound and president of the Florida Association of Realtors.
"We're seeing buyers coming in and making very low offers," Dooley said. "That's just evidence of the pendulum swing."
Sellers simply roll their eyes at low-ball offers, Dooley said. But buyers suddenly have more choices, and now they enjoy the luxury of making a discounted bid without the fear of losing out to another buyer.
The spread of buyers' revenge is bad news for sellers such as Brian Williams. The marriage counselor and his wife put their Lake Worth home on the market in September.
The house at 821 N. Lakeside Drive was built in 1925. It offers historic charm and a location near the Intracoastal Waterway. Williams has not lowered his $496,000 asking price, even though offers have been scarce.
"I'm disappointed that there isn't more traffic," he said. "I'd consider reducing the price if houses started selling in the area at lower prices, and if people were making offers that were lower. But I haven't seen any evidence that it's about prices yet."
Meantime, Williams cannot miss the telltale signs of a cooling market: "For sale" signs are multiplying in his neighborhood.
"There seems to be 5,000 homes for sale on Lakeside," Williams said, "and nothing's selling, so that's a little frustrating."
A couple of blocks away, Sharon Gorman is asking $369,000 for her home. That once was a price guaranteed to attract offers, but the house has languished on the market for three months.
"The market is full of houses right now," Gorman said. "It looks like half the county is for sale."
Unlike the Porters, neither Williams nor Gorman are especially motivated. Both said that if they sell, they'll buy homes elsewhere in Palm Beach County.
Their agent, Bo Allen of The Pier Group in Lake Worth, said sellers need to get used to a new reality. The days of aggressive pricing, eager buyers and house-hungry speculators are over.
"You've got a lot of investors starting to bail out," Allen said. "And you've got all these talking heads on TV telling people the market's going to crash."
Jobs, beaches still enticing
Which begs the question: Will prices plunge, or is this slowdown just a return to normalcy?
Some economists warn that Palm Beach County's rapid run-up in prices makes the market ripe for a fall.
For instance, National City Corp. of Cleveland says Palm Beach County homes are overpriced by 57 percent, while Treasure Coast houses are inflated by 72 percent. To calculate those figures, the financial services firm compared home prices with incomes.
Others say the slowdown will lead to a soft landing rather than a crash. The National Association of Realtors last week predicted that the number of sales nationwide will dip slightly in 2006 from last year's record, while price appreciation will slow to 5 percent from last year's 12.7 percent.
Besides Palm Beach County and the Treasure Coast, the housing market is cooling statewide and nationally. Realtors in other once-hot markets such as California and Washington, D.C. report a growing inventory of homes and more restrained buyers.
Ellen Bitton, owner of Park Avenue Mortgage Group in Palm Beach, said Palm Beach County property prices will be propped up by an influx of retirees and new residents drawn by sandy beaches and a strong job market.
"There are still people who want to live in Palm Beach County," Bitton said.
How quickly those new arrivals will snap up the glut of homes and condominiums is another matter.
"It is a little disconcerting to drive down some of these streets and see every other house for sale," said Brad Westover, owner of American Harbour Realty in Jupiter.
Even if there's no crash, area sellers will have to get used to the idea that their homes are not the gold mines they once were. Westover said one of his clients recently accepted $650,000 for a home listed for $750,000.
"If she had not run with that offer, in all likelihood she'd still be sitting there with that property," Westover said. "For the first time in five years, people are actually taking a breath, instead of just buying."
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Monday, February 06, 2006
Jupiter / Juno Beach Florida real estate
Season is here and it seems to be taking a turn for the buyers now. More real estate is coming on the market and buyers are holding off buying. Nice change for the buyers.
Buyers: Keep looking at property and no offer is to low. Well let's not get crazy but throw some low numbers out there and you just never know. Sure there are sellers that don't have to sell but if it's vacant and it's been on the market a while you just make catch a break.
Visit our sites and search the MLS by subdivision, zip code or city. It will pull up all the listings in that area that are available and you can sign up for automatic notification of new properties.
Juno Beach has several oceanfront condos for sale. Many are older but are priced reasonable.
There is also Juno Isles which is a great community just west of US 1 with some older style ranch homes. Great location and undervalued.
Jupiter has the Jupiter Ocean Grande, Jupiter By the Sea condos which are two of my favorites.
Olympus and Xanadu are two other single family home locations by the beach.
View pictures at www.JupiterHomeSeller.com and click on Jupiter waterfront homes and condos.
Jupiter 1 Realty gives you personal satisfaction and the best service by a professional you can expect. If you want information call or email me at Jupiter 1 Realty.
Remember www.JupiterHomeSeller.com for Jupiter and Juno Beach real estate needs.
Sellers we offer a flat fee MLS listing and a 2% Full service commission rates.
Try out our site for more information regarding Jupiter condos and homes.
Our sister site www.BocaRatonHomeSeller.com has all the same features but covers Boca Raton and Highland Beach.
Ranked #1 by Google for Highland Beach condos our site is the place to showcase your listing.
Boca Raton Real Estate Highland Beach Real Estate
Boca Raton Real Estate * Highland Beach Real Estate
Jupiter Real Estate * Juno Beach Real Estate
Palm Beach Gardens Real Estate
www.JupiterHomeSeller.com
Buyers: Keep looking at property and no offer is to low. Well let's not get crazy but throw some low numbers out there and you just never know. Sure there are sellers that don't have to sell but if it's vacant and it's been on the market a while you just make catch a break.
Visit our sites and search the MLS by subdivision, zip code or city. It will pull up all the listings in that area that are available and you can sign up for automatic notification of new properties.
Juno Beach has several oceanfront condos for sale. Many are older but are priced reasonable.
There is also Juno Isles which is a great community just west of US 1 with some older style ranch homes. Great location and undervalued.
Jupiter has the Jupiter Ocean Grande, Jupiter By the Sea condos which are two of my favorites.
Olympus and Xanadu are two other single family home locations by the beach.
View pictures at www.JupiterHomeSeller.com and click on Jupiter waterfront homes and condos.
Jupiter 1 Realty gives you personal satisfaction and the best service by a professional you can expect. If you want information call or email me at Jupiter 1 Realty.
Remember www.JupiterHomeSeller.com for Jupiter and Juno Beach real estate needs.
Sellers we offer a flat fee MLS listing and a 2% Full service commission rates.
Try out our site for more information regarding Jupiter condos and homes.
Our sister site www.BocaRatonHomeSeller.com has all the same features but covers Boca Raton and Highland Beach.
Ranked #1 by Google for Highland Beach condos our site is the place to showcase your listing.
Boca Raton Real Estate Highland Beach Real Estate
Boca Raton Real Estate * Highland Beach Real Estate
Jupiter Real Estate * Juno Beach Real Estate
Palm Beach Gardens Real Estate
www.JupiterHomeSeller.com