Juno Beach Inventory Drops for 4th Straight Month
By Tom Priester, Paradise Sharks
(Paradise Sharks )
Juno Beach Inventory Level Down 18% from Year Ago Levels April passed quickly by and brought with it increased activity from the investor market and their surging demand for lower priced opportunities. Ever so slowly the change from a bear market to a bull market continues to show momentum in South Florida. Investors are making up about 1/3 of the current market and their appetite continues to grow with prices being driven much higher in many investment grade communities. Almost 100% of these transactions are cash deals and end up with multiple offers being presented within a day or two of the listing hitting the market. Inventory levels in this market segment remain challenged with a demand that does not appear to be able to be fully sated. Another third of the market is made up of fir...
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