We’ve all heard about or seen the statistics relating to Millennials and younger professionals postponing home ownership, but according to some recently released numbers, it might finally be time to give up that apartment and make the long-awaited transition from renting to owning.
Believe it or not, a story recently published from the Sun-Sentinel is showing that the cost of buying a home throughout much of South Florida is now 50 percent cheaper, which is the fifth-highest spread among the top 100 metro areas in the country.
For the most part, home price increases have leveled off over the past 12-18 months, while rental rates on apartments and single-family homes in the Palm Beach
We’ve all heard the phrase “cash is king” and while that may still be true in the luxury Jupiter and Palm Beach real estate market, fewer home buyers are actually paying all cash for a home or condo in the area.
According to recently released data from local Realtor boards, more than half of all home and condo sales in Palm Beach and Broward counties in 2014 were all-cash transactions, suggesting the luxury market, as well as the investment market, is alive and well down here in South Florida.
However, a more recent look at the Palm Beach area market is now showing cash sales are slowly declining, which to some degree, can certainly be viewed as a good thing. Taking the luxury segment out of the equation, buyers paying all cash for a home or condo are
Now that we’re past the halfway point in February, we thought now would be a good time to look back at how the Jupiter real estate market fared in January. With less than 2 weeks left in the month, the most glaring statistic relates to inventory.
Through today, the number of properties currently on the market is 1,283—a number that’s up roughly 55% from 1 month ago, and around 36% from January 2014.
Aside from that however, other categories like median list price, median house size, and median price-per-foot are all down since January, with median list price showing the most drastic different at a 17% decline.
Homes that have sold this month have also spent a bit more time on the market than sales that occurred in January, with the median days on market
