What In The World Is Going On With The Market?

Dated: June 9 2021

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Unless you've been living under a rock, by now you know that our local Real Estate market is going absolutely bananas. We know that we’re currently in an aggressive sellers market, and the numbers from the past couple months this year compared to those of last year prove it.


We’re seeing an influx of cash buyers storming from the North and California with, lets just say lucrative offers. Our current average selling price for Jupiter in all of 2021 is about $1.06M. That number was closer to $700,000 in 2020! We are also suffering from lower inventory. We have nearly half of the amount of homes on the market as we are used to seeing in Jupiter

It is a typical supply Vs. Demand  mixed in with a national pandemic. But do we think this trend is going to last in South Florida? Short answer, absolutely. According to an article released on FloridaTrend.com, snowbirds are actually turning into sunbirds.

"They are moving to our area from all over the country, and increasingly they are electing to purchase a primary residence rather than a second home or seasonal rental."

With no state income tax, looser regulatons and an overall more positive lifestyle, Florida is not predicted to be included in an potentially impending bubble burst.

  

A lot of people who are considering selling their home but don’t want to deal with the pressure of buying in this market, and that prices are going up, are holding off on selling - for the fear of being homeless or hoping to exit at the top of the market. No one has a crystal ball to you when that is or will be….. 

Even in this crazy market you need a plan.

Lucky for you we have a plan.

Whether it’s making an offer on a home, or figuring a list price for the market it’s important to understand what’s really going on and what the data is showing us:.

We’re always here to answer any questions! Give us a call, email, text and let’s chat.

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Erica Wolfe

No one knows their way around Jupiter, Florida like native resident and Realtor Erica Gouldy Wolfe. She’s been up and down just about every street of this charming, 24-square mile waterfront town. W....

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