The seasonal buying of property in, and around, Jupiter continues but the strength is not what we had hoped. A volatile stock market has not helped. Limited inventory of well priced homes in the best locations has not helped. Rising median prices of single family homes has not helped. The craziest Presidential campaign ever has not helped. But still we are seeing positive seasonal buying of property here in paradise. Dirt cheap interest rates do help but they are back on the rise, up over 30 basis points in just the past 2 weeks.The wealthy continue to buy, with home sales in the $1 million+ categories rising both in January and February when compared to last years numbers. However, median income families have little to choose from. In Jupiter, the median household income is about $66,7...
Comments
0