Early 2014 Jupiter Real Estate Statistics
As we approach the midway point of 2014, we thought now would be a good time to reflect on how the Jupiter real estate market has been over the early part of this year and how it stacks up against the market conditions in 2013.
Listed below is an at-a-glance comparison of local Jupiter real estate statistics of March 2013 versus March 2014, and after one quick look, we think you’ll agree that now is a great time to buy if you’re in the market for a new home or condo in the Jupiter, Florida area.
A couple Jupiter real estate statistics that jump out immediately are the increased number of new listings and the boost in active inventory from 2013 to 2014. As more homes are hitting the market, prices are starting to become more favorable to buyers, which has certainly shown in the Median Days on Market. With nearly a 16% drop in sales price, it's important for home buyers to act fast when interested in a property, as homes in 2014 are selling nearly twice as fast as opposed to this time last year.
For a better look at what's currently happening with the Jupiter real estate market, watch the video below, and also learn how The Snyder Group can get you top dollar if you're looking to sell your home or condo in this ultra-hot market!Â
Statistics Category |
March 2014 |
March 2013 |
% Change Year-Over-Year |
 |
 |
 |
 |
Closed Sales |
185 |
170 |
8.8% |
Paid in Cash |
87 |
83 |
4.8% |
New Pending Sales |
331 |
314 |
5.4% |
New Listings |
371 |
241 |
55.2% |
Median Sales Price |
$340,000 |
$370,000 |
-8.1% |
Average Sales Price |
$475,407 |
$564,926 |
-15.8% |
Median Days on Market |
52 |
105 |
-50.5% |
Average % of List Price Received |
91.1% |
92% |
-1.0% |
Inventory (Active Listings) |
1,346 |
967 |
39.2% |