Dear First Time,
Look no further and set your sights on considering an investment in the north county region around Palm Beach Gardens and Jupiter. The lifestyle here is what people dream about when they dream of Florida and it all gets down to location, location, location, the best beaches in the state and a very high quality of life. We are seeing some signs that the local real estate market is beginning to stabilize after a year of what can be described as an incredible turn around. The number of properties in our current inventory dropped again as of August 1st but only by an average of 0.5% in the north county region. Compare that to a 7.8% drop on July 1st and a 7.2% drop on June 1st and you can see the difference.
Still many sellers are priced "ahead of the market" but we are seeing more price reductions than we have in many a moon. With DiVosta (Pulte) wrapping up the Abacoa project after a 15 year run and DiVosta (Buz) banging heads with town officials on density issues on the last large parcel in Jupiter there is little room for future new construction. Buz's parcel is just shy of 300 acres and located west of the Turnpike. You do not need a Master's of Economics from Harvard to recognize when supply is constricted and demand is high where prices will be heading. With international buyers making up about 20% of our market and tens of thousands of Baby Boomers looking to purchase homes in Florida over the next 20+ years future demand is almost guaranteed.
We who are lucky to live here know there isn't another place like Jupiter and I can still get you a condo across the street from Florida's best beach for around $150,000 and for you investors it will cash flow just fine. I have some great opportunities of newer construction properties in your price range that you may want to take a look at. It you want to send me an e-mail I will forward more detailed information on the area and a few current deals with cash flow projections.
But do not delay because today's bargain prices will not last.....
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty