Welcome to the June edition of the Jupiter Real Estate report! We’ve got a lot of interesting information from the world of real estate and especially properties in the Jupiter Florida area. From interest rates to the latest home inventory numbers in the some of the most desirable neighborhoods in the area, keep reading for the latest!
First off, interest rates are hitting new lows across the country. It’s the lowest we’ve seen rates in the last 49 weeks even though Fed Chairman Janet Yellen seems to be signaling the end to policies designed to keep interest rates low. Of course, it’s impossible to predict the future of interest rates so jumping in the market at near year long low rates is looking to be a good bet.
In the Palm Beach Gardens area we’ve seen home inventory levels falling for the 3rd month in a row. What does that mean for you? Less selection if you’re interested in purchasing in Northern Palm Beach area. On the other hand, if you are selling property in Gardens you might be able to ask a premium based on the lack of readily available options.
In other news, we’ve got lower pending home sale numbers in the Tequesta region for the 3rd month in a row. Some would call it the summer slow down, other think the unusually frigid northern winter is continuing to depress demand in real estate as we head into the next quarter.
Stay prepared for Hurricane Season here in South Florida. At Preferred Residential Properties we are experts at managing property during our frequent storm scares and have over two decades experience protecting our clients valued assets, and of course cleaning up after the storm has past.
Enjoy Summer in South Florida and stick around next month for another edition of the Jupiter Real Estate Report.