I am a native of south Florida and a Jupiter resident for nearl 20. I live in the Farms. What that other Realtor said was right, when all is said and done, you still have 1.25 acres just 15 minutes from miles of free beaches. There is not another location with these attributes anywhere around.
Referring back to that other Realtor, foreclosures are continuing to rise and don't forget a drop of 50% in value means the property must double just to get back to break even. I doubt we will see a doubling of prices any time soon.

Dear Diana,

In south Florida, what's hurting home prices are all the foreclosures, and each month the number of foreclosures is increasing- mainly in the newer gated communities that many investors purchased in. You are in Jupiter Farms, however, and your home holds a quality not many of those gated communities have- land. In Wellington, many of the large lot homes are doing ok; their sale prices are over $300,000- when others without the land will be $100,000 or more less.

In the end, it is your home. It's not a good time to sell the home (unless its a short sale), but it is a good time to buy. If you wanted to get into a new home, you can always try renting your current home.

Linda Bassitt, P.A.
Lowell International Realty Group
2401 PGA Boulevard, Suite 196
Palm Beach Gardens, FL 33410
Direct Line: 561.313.6961
Linda@LindaBassitt.com

Julia:

Homes are selling as a matter of fact...although there are Short Sales on the market, many buyers attempt to skip the Short Sales as there is no assurance that the bank or lender will take a lower payoff. Values have dropped however I believe you are correct and values will drop further as we move forward in time.

I believe is is actually a much better time to sell now as compaired to years from now.

As a Realtor with 28 years of experience I have successfully sold homes over the past weveral years as well as the challenged markets of the 1980's and 1090's.

Feel free to call me direct at 561-296-8420 or e mail me at Carl@carlrizzuto.com. I utilized many advanced systems to bring about activity on my listings.

Have a great Sunday.

Carl Rizzuto

Diana,
If you are considering selling out of fear that the value of your home will decline then I would say SELL. I have been selling in Las Vegas for over 25 years and when our market started to decline I should have sold. Now I am stuck with a couple of investment properties that I am upside down on and have no choice but to wait it out until the market catches back up to them. That will take years. However, selling should be more than just a financial decision. If you have other very good reasons to sell such as job transfer, empty nester, increase in family size or just want to move to a newer home, those are the most important reasons. A home is still a HOME, a place to raise a family, enjoy your privacy, entertain family and friends and fix it up and make it your own castle. It's not just an investment vehicle.