Jupiter Farms November 2021 Monthly Market Update

Dated: December 13 2021

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Jupiter Farms November 2021 Monthly Market Update

 

 

 

Jupiter Farms' active inventory remained constant in November 2021 with 25 current active listings and 3 coming soon listings.  With 9 listings having closed in November, compared to 18 in October, overall inventory increased to a 3.1 month supply.  The fewer number of closings is mostly seasonal as the market slows down in the fall, especially during the Holidays.   As of 12/13/2021, there are 28 homes under contract which is 6 more than last month reinforcing that the market is not really slowing down but going through a seasonal shift.

 

The average days on market for closed properties last month was 35 days with the median value being only 5 days.  Low number of days on market means that homes that are ready for market are selling very quickly and very close to... if not above asking price.  The median list to sold price ratio was 99%.  Of the 9 properties that closed last month, 4 homes closed above list price, indicating multiple offer situations.

 

Pricing increased last month with the median sold price per square foot coming in at $309.54 per square foot. Two of the sold listings were over the $1M price point effecting the price increase.  The median sold price in Jupiter Farms last month was $559,000 which is down from $605,000 in October indicating an decrease in median sold square footage or sold properties needing renovation during this month.



 

Below is a list of the closed properties in Jupiter Farms last month:

 

For the complete market analysis, please see the following link:

Jupiter Farms November 2021

 

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Cindy Ann Thompson

Born in Kentucky, Cindy Ann moved around to several different cities in the Southeast as a child as her father completed his training as a cardiovascular surgeon at different universities. She was pr....

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