Juno Beach, FL Real Estate News

By Tom Priester, Paradise Sharks
(Paradise Sharks )
Juno Beach condominium sales hit new annual high. After falling slightly in February Juno Beach condominium sales sales soared like an eagle during March jumping 100% to a new yearly high. During the month our local MLS system shows a total of 8 successful closings as of this mornings’ update. That compares with 4 sales in February and a continuation of a market improving even though prices are still being held down. While the number of sales soared last month they remained intrenched in the lower price ranges with 50% of all sales between $220,000 and $285,000. The local market is doing a great job of absorbing the foreclosures as they hit the market but those properties are keeping a lid on price increases at this time. I am hopeful that we see a pick up in the upper price ranges ove...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Last month at this time we reported decreases in the inventory levels in most of the northern Palm Beach County market areas. As the real estate market continues to recover it is important that we start to see these declines continue. Sales remain strong and there is truly a shortage of quality homes in the below $400,000 price categories. Working with numerous clients trying to find a home is difficult and we are often faced with multiple offer situations. Local inventories are full of homes that have quality issues and many of these are hard to sell and therefore skew the numbers. So what has happened to inventory levels over the past month? This month in Juno Beach inventory levels have moved in a positive direction and at a very nice clip. We are now at the lowest levels we have se...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source.  Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Florida, Palm Beach County. 
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Last month at this time I was so pleased to report how every one of my main market areas in north Palm Beach County reported increases in pending home sales which shows a local real estate market that continues to recover quite nicely. I was excited to get back to the data this month and see what has transpired since then but based on the activity I am seeing things continue to get better and better. It really is very difficult to find good properties in many locations in certain price ranges. Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
After Juno Beach condominium sales jump over 100% last month February sales also show continued strength After three months in a row, where we saw only 2 condominium closings in each month, closings in January jumped over 100% to the highest level we had seen since September of 2010. During February we saw this strength continue and our local MLS system shows a total of 4 successful closings as of this mornings’ update. That compares with 5 sales in January and again the 2 highest monthly total we have seen in 5 months.  While sales last month were strong but they were in the middle range of pricing categories with no sales below $248,000 or above $575,000 We still have some large inventories in the luxury condo market and it would be nice to see an increase in activity in those catego...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source.  Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Florida, Palm Beach County. 
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Last month at this time we reported increases in the inventory levels in most of the northern Palm Beach County market areas. As the real estate market continues to recover it is important that we start chipping away at some of the inventory levels. Sales remain strong and there is truly a shortage of quality homes in the below $400,000 price categories. Working with numerous clients trying to find a home is difficult and we are often faced with multiple offer situations. Local inventories are full of homes that have quality issues and many of these are hard to sell and therefore skew the numbers. So what has happened to inventory levels over the past month? This month in Juno Beach inventory levels have moved in a positive direction, albeit slightly. We still are hovering towards the ...
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By Kathy Lewellen, Condo Specialist, Singer Island
(Quantum One Realty)
Juno Beach Market Report 2007-2011 Price Ranges  2011 Inventory 2011 Sold Listings  2010 Sold Listings  2009 Sold Listings 2008 Sold Listings  2007 Sold Listings   0-300,000  8  1  32  36 27  8  301,000-500,000  6  8  24  12  21  27  501,000-1,000,000  0  2  13  13  20  32  1,001,000  3  0  9  8  8  12  Total  17  11  78  69  76  79 Source: Florida Regional MLS query performed on February 16th, 2011. For more information on this area and its listings:Juno BeachSinger Island Real Estate Website Kathy Lewellen561-676-6333Kathy@Ocean30.comOcean 30 MarketingQuantum One RealtySinger Island Specialistwww.Singer-Island-Real-Estate.com
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what the future might bring for my clients.    When a bilateral contract is entered into there are typically contingencies, historically mainly for home inspections and financing, but in today’s world many times they are short sales waiting for third party, or bank approval. Once these contingencies are lifted the change should be properly recorded into the MLS system as “pending”. History  shows us that the large majority of pending listings will ultimately close, usually within the next two month...
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By Steven Schafer, CDPE, SFR, ABR, SRES
(Exp Realty - Atlantic County)
This is a small community with a lot to offer! Juno Beach Florida real estate offers a beachfront community along the Atlantic shore just East of Jupiter. This prestigious beachfront community has a small population under 2000 year round residents and 6000 seasonal residents. Juno Beach is located on a barrier island along the Atlantic Coastal Ridge. Many residents in Juno Beach enjoy both Ocean and Intracoastal Waterway views. Juno Beach is today a seaside community which is predominantly residential. Fine oceanfront estates, condominiums and businesses provide an ideal setting for vacation or permanent residence. Juno Beach is near many activities including the Maltz Jupiter Theatre, nationally-known golf courses, tennis courts, county parks, shopping centers and art galleries. With J...
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By Steven Schafer, CDPE, SFR, ABR, SRES
(Exp Realty - Atlantic County)
Sometimes something that is right in your backyard can be the most overlooked. Juno Isles is a single family home community with something for everyone. Within the picturesque small town of Juno Beach lies the sought after community of Juno Isles. With almost 400 single family homes, some on intracoastal canals, Juno Isles residents know what the fuss is all about! Larger homesites, no homeowner's restrictions or security gates and just 5 minutes to one of the most beautiful beaches in South Florida. An environmentally sensitive area, Juno Isles residents enjoy vast areas of county park land, featuring biking/walking trails, oceanfront art & craft shows and the famous Loggerhead Marine Life Center. Fishermen enjoy the 990 ft Juno Beach Pier for excellent ocean fishing. Walkers & joggers...
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By Waterfront Properties
(Waterfront Properties & Club Communities)
Found among some of the best beachfront Real Estate in Juno Beach is San Remo, an oceanfront townhome community located in Juno Beach. The community offers resplendent views of the Atlantic Ocean and its pristine beaches. Close by are the Seminole Golf Club, Palm Beach Marine Institute, Gardens Mall, and Loggerhead Park. San Remo Townhomes span up to 2300 square feet and feature at least 3 bedrooms. To learn more about the Town Homes for Sale in San Remo, please contact: Betsy Munson Jupiter & Juno Condo Specialist Waterfront Properties & Club Communities825 Parkway Plaza, Suite 8, Jupiter, Florida 33477 Office Phone:   (561) 746-7272 Mobile Phone: (561) 801-0017 Fax Number:    (561) 575-0174 bmunson@wfpcc.com
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By Waterfront Properties
(Waterfront Properties & Club Communities)
Found in Juno Beach, just steps from the ocean the stunning beachfront condominium, Oceanfront. Oceanfront is a gorgeous community is truly a gem and a top choice among Real Estate in Juno Beach. Condos in the Oceanfront boast large, private wrap-around balconies, and panoramic views of the beaches and ocean. Also, there are only two condos per floor, each being a large 3,955 square feet. Amenities of the building include private elevators to each residence, three bedroom suites with room to convert the fourth to a bedroom or a den, floor to ceiling sliding glass doors, and private terraces spanning an additional 950 square feet. Amenities of the community include a heated pool and spa, fitness and club rooms, air conditioned cabanas, tropical landscaping, private 2 car garages per res...
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By Waterfront Properties
(Waterfront Properties & Club Communities)
The Surf is a great south Florida condominium community found beachfront in Jupiter, Florida. Residents at the Surf will be living on the sand, just steps from the beach. The Surf is made up of 49 beautiful units with views of the ocean. Condos in the Surf are available as two and three bedroom condos with direct views of the ocean, private balconies and priceless privacy. Some of the amenities include a heated pool deck, clubhouse kitchen with outdoor entry to the condo, paver brick entry and a private seawall. For more information about Homes for Sale in the Surf or other Juno Beach Real Estate, please contact: Betsy Munson Jupiter & Juno Condo Specialist Waterfront Properties & Club Communities825 Parkway Plaza, Suite 8, Jupiter, Florida 33477 Office Phone:   (561) 746-7272 Mobile P...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
After flat December sales Juno Beach condominium sales jump 100% during January. After three months in a row, where we saw only 2 condominium closings in each month, closings in January doubled to the highest level we have seen since September of 2010. During January our local MLS system shows a total of 4 successful closings as of this mornings’ update. That compares with 2 sales in December and again the highest monthly total we have seen in 4 months.  While sales last month were strong but they were in the middle range of pricing categories with no sales below $205,000 or above $550,000 We still have some large inventories in the luxury condo market and it would be nice to see an increase in activity in those categories. The chart below shows the percentage of sales by price categor...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
After all the great news we passed your way last month about housing inventories continuing to drop across the market areas I service I could hardly wait to run the numbers when I finally got to the computer a couple days ago. Last month at this time we reported that Juno Beach inventory levels had been on the rise but were still close to the yearly lows. So what has happened since then........   Well, I started off this month’s reports with the Tequesta market which had inventory levels remain steady and I thought I would let them bask in that glory overnight as the news is different in Juno Beach. For the fourth month in a row we have seen another increase in the inventory levels in Juno Beach. The net inventory of real estate currently for sale on our local Multiple Listing Service ...
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By Dylan Snyder, Palm Beach County Real Estate
(Snyder Group/Illustrated Properties )
Toll Brothers keeps going strong in a difficult market.  Even their stock has gone up a bit recently.  The new addition to our area has buyers excited and curious about the final product.  Frenchman's Harbor is a luxury waterfront community directly on the Intracoastal waterway.  Each home will come with a dock slip and being directly on the Intracoastal it's a short drive to the inlet.  This mediterranean inspired community will have a variety of different floor plans which you can view on my blog.   The homes will be built with all the current hurricane code enforcement and will be as solid as they come.  Standard features with be stunning.  There will be 20 acres of land dedicated to preserves and wetlands.  Single family homes and carriage homes are available for sale.  Pricing and ...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source.  Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Florida, Palm Beach County.  
Comments 0
By Tom Priester, Paradise Sharks
(Paradise Sharks )
      Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what the future might bring for my clients.    When a bilateral contract is entered into there are typically contingencies, historically mainly for home inspections and financing, but in today’s world more often that not they are short sales waiting for third party, or bank, approval. Once these contingencies are lifted the change should be properly recorded into the MLS system as “pending”. History  shows us that the large majority of pending listings will ultimately close, usually within the...
Comments 0
By Tom Priester, Paradise Sharks
(Paradise Sharks )
Interest rates have been down the first couple weeks of the new year which is a most welcome reprieve from the hikes we had seen the last few weeks of 2010. Today, we are taking our last look at sales levels in some of our market areas for last year and in Juno Beach condominium sales were flat. During December our local MLS system shows a total of 2 successful closings as of this mornings’ update. That compares with 2 sales in November and in fact is the third month in a row we have been stuck on that number. Sales last month were not only flat but they were also on the low end of the pricing scale with only one sale on the under $150,000 category and one sale between $150,000 and $300,000. With the season upon us we are looking for some upcoming sales in the higher pricing categories...
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