JTHS Council of the MIAMI Association of REALTORS - Jupiter, Tequesta, Hope Sound

     

                

  • JTHS-MIAMI Golf Tournament to Benefit Veterans Organization on 9/11

    Aug 10, 2017
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) will host its 32nd annual JTHS-MIAMI Golf Tournament on Monday, Sept. 11 at the PGA National Resort & Spa in Palm Beach Gardens. Partial proceeds will benefit the Renewal Coalition, a Jupiter-based organization that assists wounded veterans and their families.
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  • JTHS-MIAMI Realtors Collect 240 Pounds of Food for Needy Palm Beach Residents

    May 16, 2017
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected 240 pounds of non-perishable food for the Palm Beach County Food Bank in April as part of the JTHS-MIAMI Leadership Academy’s “Move for Hunger” Food Drive.
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  • JTHS-MIAMI Rock the Market Attracts Top Experts, Panels

    Mar 09, 2017
    Palm Beach County real estate will continue outperforming the national average because of continued population gains, a growing economy and spectacular amenities, South Florida top brokers and real estate analysts said at the Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) Rock the Market conference on Feb. 28 in Jupiter.
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  • JTHS-MIAMI Realtors to Host Rock the Market in Jupiter

    Feb 27, 2017
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) will host JTHS-MIAMI Rock the Market on Tuesday, Feb. 28 at the Wyndham Grand Jupiter at Harbourside Place. The conference is designed to equip local Realtors with the latest market information, services and trends so they can better serve their clients.
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  • Lynne Rifkin Elected 2017 JTHS President of the MIAMI Association of REALTORS

    Feb 10, 2017
    The MIAMI Association of REALTORS® (MIAMI) has elected Lynne Rifkin, Broker Associate, ABR, MRP, PMN, SRES as the 2017 President of the Jupiter-Tequesta-Hobe Sound Association of Realtors (JTHS) Council. She and the entire 2017 JTHS Board of Governors were installed Dec. 2 at Frenchman’s Creek Beach & Country Club in Palm Beach Gardens.
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  • JTHS Realtors Collect More than 500 Holiday Toys for Local Children

    Jan 09, 2017
    The Jupiter Tequesta Hobe Sound (JTHS) Council of the MIAMI Association of REALTORS® (MIAMI) collected more than 500 toys for local families in need this holiday season during its first JTHS Young Professionals Network Toy Drive on December 15.
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  • JTHS Realtors to Host Educational Breakfast with Palm Beach Schools Superintendent

    Jan 09, 2017
    The Jupiter Tequesta Hobe Sound (JTHS) Council of the MIAMI Association of REALTORS® (MIAMI) will host a “Make a Connection” Breakfast with Palm Beach County Schools Superintendent Dr. Robert Avossa as the featured speaker on Wednesday, Jan. 18 at the Eastpointe Country Club in Palm Beach Gardens.
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  • YOUR July Minute with the JTHS President

    Jul 29, 2016
    Announcing Important Upcoming Events
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  • Jupiter Broker Patti Fitzgerald Appointed to Florida Real Estate Commission

    Mar 03, 2016
    The MIAMI Association of REALTORS® is honored to have one of its members, Patti Fitzgerald, named to the Florida Real Estate Commission, which administers and enforces real estate license law. Fitzgerald is a past president of the statewide Florida Realtors association and is currently a real estate broker associate and manager for Illustrated Properties in Hobe Sound.
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  • YOUR February Minute with the JTHS President

    Feb 18, 2016
    We are halfway through February. Time goes by so quickly. Our JTHS Leaders continue to focus on goals to maximize our Member's strengths. Our Professional staff continue to make enhancements to products and service offerings.
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  • Sue Gaieski Elected 2016 JTHS Council President of the MIAMI Association of REALTORS

    Feb 18, 2016
    The MIAMI Association of REALTORS® (MIAMI) has elected Sue Gaieski, e-PRO, SFR as the 2016 President of the Jupiter-Tequesta-Hobe Sound Association of Realtors (JTHS) Council. She and the entire 2016 JTHS Board of Governors were installed Dec. 11 at Frenchman’s Creek Beach & Country Club in Palm Beach Gardens.
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Seller Confidence in South Florida Real Estate Leads to Rising Inventory

by | Sep 30, 2016

By Jennifer Riner

South Florida housing inventory is on the rise as local median price and sales growth encourages more sellers to list their properties. The development is counter to a national trend that has seen national home inventory decline for five consecutive quarters, according to Trulia economists.

At a national level, lack of availability is pushing homebuyers to spend more, and prices grew 7.4 percent to a median sales price of $161,202 starter homes alone. There is light at the end of the tunnel as a country – low inventory doesn’t last forever, and some local markets are already illustrating substantial supply growth.

Numerous metros throughout South Florida, in particular, reveal an upward inventory trajectory, contrary to the national trend. Inventory in Miami has grown for two quarters straight, now up 33.1 percent. Take a look at a few of the major metros in South Florida with heightened inventory as of late.

 

2016 Q3 South Florida Inventory 

 

U.S. Metro

Total Inventory, 2015 Q3

Total Inventory, 2016 Q3

% Change in Inventory

Miami, FL

11,216

14,928

33.1%

West Palm Beach, FL

10,083

11,879

33.1%

Fort Lauderdale, FL

8,984

10,417

13.9%

 

 

Miami

Looking closer at the Miami real estate market, inventory grew from 11,216 homes on the market in the third quarter of 2015. Nearly 15,000 homes for sale are on the market as of the third quarter – an increase of 33.1 percent. Last quarter, inventory was up 10.7 percent. Despite more options, however, Miami market data shows median home sales prices up 10 percent from last year to $270,050.

 

Fort Lauderdale

Inventory for Fort Lauderdale homes for sale grew 15.9 percent year-over-year, from  8,984 to 10,417 homes for sale. In the second quarter of this year, supply boosted 10.3 percent. Fort Lauderdale median sales price is up just 1 percent since last year to $294,900.

 

West Palm Beach

Last year in West Palm Beach, the market held 10,083 homes for sale. Inventory since jumped a healthy 17.8 percent, and now buyers can peruse a total of 11,879 West Palm Beach area listings. Supply in West Palm Beach is on a consistent growth path over three consecutive quarters. The current median sales price in West Palm Beach is $176,500, a 7 percent year-over-year rise.

 

While supply and demand isn’t the only cycle that plays a role in local price trends, a broader market helps lessen potential inflation from buyer competition. If you’re in the market to buy and desire a greater scope of options, Miami, Fort Lauderdale and West Palm Beach are excellent locations.