Tuesday, May 13, 2014

Real Estate Market Update for South Florida



There are a variety of opportunities in the South Florida real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

Real Estate Market Update for South Florida


Today we will be providing you with valuable information on our local real estate market here in Jupiter and in the surrounding areas. It is our hope to educate you and spur you to make more informed decisions when it comes to real estate.

In this update we will be comparing the first quarter of our market this year with what happened last year:
  • Closed transactions are up by 14% from last year.
  • Home prices have risen by 25%.
    • Believe it or not, the market has circled back in favor of the sellers, and we are now situated in a seller's market in Jupiter. If you have been on the fence about selling, now would be a phenomenal time to get your home on the market. 
    • If you're a buyer, do not be afraid to look for a home just because the market favors sellers. Interest rates are still historically low and you have a chance to buy a home at a very affordable rate. There are still good homes to buy, you just need to find one that you like and be prepared to act quickly in order to purchase it. 
    • Sellers should be careful to price their homes correctly because even though we are in a seller's market, buyers still know a good price from a bad price. You should consult professional realtors such as ourselves in order to come up with an optimal home price.

Hopefully this information has been helpful if you plan on buying or selling in South Florida. If you have any further questions be sure to contact us by phone or email. We are always willing to sit down and discuss your individual needs.

Thanks for tuning in!