"AT THE BLUFFS" Market Report 
WHATS SELLING AT THE BLUFFS- June 2021
It is hard to believe that over twelve years ago the Bluffs at the Ridge passed and implemented different house colors. The ACC Committee recently voted in 11 new color schemes for the Bluffs Ridge. The push for new colors schemes was accelerated to complement the new aluminum roofs that were approved this past year. The Old colors are grandfathered in but rules will apply. Please review the Architectural Standards prior to painting or repainting your home, the documents can be found at the Ridge at the Bluffs website under Documents & Forms.
 
Inventory update: 
Ridge-1 home for sale out of 618.
River- 1 home for sale out of 363.
River North- 0 townhomes for sale out of 312.
Lakes- 0 townhomes for sale out of 392.
Marina- 0 condos for sale out of 660 units.
Ocean South- 2 condo for sale out of 198 units.
Ocean North- 1 condos for sale out of 120 units.
 
For the most current information on Active Listings, please click on the purple links below or go to Jupiter Coastal Properties website and on the home page search under Quick Search. These links are updated 24/7 to provide you with the latest information.
 
If you are considering selling your home, this extremely low inventory has created a opportunity to realize the best sales price for your home. Why not get in front of this hot trend instead of catching it on the way down? If you are interested in selling, give us a call at 561-373-9653 for details. 

Regards from Paradise!
Tom Waidelich
Jupiter Coastal Properties 
Thomas Waidelich
Direct: 561-373-9653

tw@jupitercoastalproperties.com

jupitercoastalproperties.com
Email Tom for your free Property Valuation Report!
RECENT BLUFFS SALES
 
Bluffs Ridge-Sold
Address           Sale Price  Sale Date  Dom
147 Sand Pine ...800,550 .....05/19/21.... 5
146 Sand Pine ....770,00 ......05/17/21.... 6
114 Ridge Rd ......775,000 ....05/13/21 ....3
311 Ridge Rd ......715,000 ....05/10/21 ....3
107 Sand Pine ....658,000.....04/16/21 ...13
106 Sea Stepps.. 850,000 .....04/08/21 ...4
Bluffs River-Sold
Address             Sale Price_ Sale Date_Dom
386 River Edge .....682,000 .....05/27/21 ....4
217 River Psrk ..... 715,000 .....05/13/21 ... 2
438 River Edge .....615,000 .....03/17/21 ...35
436 River Edge .....685,500 .....03/17/21 ...75
River North Townhouses-Sold
Address     __Sale Price  Sale Date  Dom
3075 30Th Ct... 365,000.... 03/29/21.... 6
3103 31St Ct ....300,000.... 03/04/21.... 4
3019 30Th Ct.... 280,000.... 02/05/21...71
2727 27Th Ct...  332,000   ..01/27/21 ...1
The Lakes-Sold
Address         Sale Price   Sale Date  DOM
2121 21St Ct ....365,000 ....6/01/21......18
3226 32Nd Ct ..310,000 .....05/07/21 ....7
1104 11th Ct.... 335,000..... 04/09/21.... 3
2305 23Rd Ct.. 335,000..... 03/31/21.... 1
2334 23Rd Ct.. 329,000..... 03/11/21...136
2115 21St Ct.... 275,000..... 03/01/21...39
Bluffs Marina-Sold
Address  _____ Sale Price Sale Date DOM
1501 Marina Isle 404 ..420,000 ..06/08/21 ...1
901 Seafarer 105 .......545,000 ..06/04/21 .. 14
1801 Marina Isle 303 .475,000.. 05/28/21.... 6
801 Seafarer 203 ......440,000 ...05/26/21 .. 58
1801 Marina Isle 406 .467,500...05/26/21 ...64
801 Seafarer 502 .......440,000 ..05/26/21 ...58
2501 Marina Isle 503. 370,000...05/26/21 ....8
801 Seafarer 505 .......535,000 ..05/21/21 ..68
Bluffs Ocean South-Sold
Address             _ Sale Price  Sale Date_DOM
401 S Seas Dr 306 ..440,000 ...06/08/21 ...51
301 S Seas Dr 105 ..540,000 ...01/04/21 ...35
201 S Seas Dr 201 ..499,000 ...06/02/21 ..18
701 S Seas Dr 101 ..376,000 ...02/12/21 ...23
501 S Seas Dr 105   431,500   .02/09/21  ..62
301 S Seas Dr 302   495,000   .02/08/21 ....3
Bluffs Ocean North-Sold
Address              __   Sale Price  Sale Date DOM
401 Ocean Bluffs 306....440,000 ...06/08/21 ...51
101 Ocean Bluffs 203  ..490,000  .06/03/20  ..69
401 Ocean Bluffs 502 ...467,150 ..01/29/29 ...22
Featured Listings

RIDGE
Pool Home at the Bluffs Ridge
UNDER CONTRACT

THE MARINA
2501 Marina Isle Way 503
SOLD
1501 Marina Isle Way -306
SOLD
1701 Marina Isle Way 405
UNDER CONTRACT
THE LAKES
2121St Ct
SOLD $365,000
Thinking of selling?
YOUR HOME HERE
LEGAL CORNER with ANDREW PINEIRO, Esq.

If you have been in Iceland for the last 16 months seeking to hide from the Covid pandemic and are just returning to your home in northern Palm Beach County, you might be surprised by the brisk real estate market. Some have opined that we are even more heated now than we were just prior to the great recession of 2008/2009.
 
There are many reasons for this. Palm Beach County has long been a landing spot for retirees from the Northeast and other parts of the country. But, as a result of the limitations on the deductibility of state and local taxes (SALT) that were part of the 2017 Tax Cuts and Jobs Act, taxpayers in the Northeast and other states that levy state income taxes (i.e., California), people are moving to Florida at a velocity that I have not witnessed in my entire career as a real estate lawyer.
 
Compounding the activity of these internal migrants was the pandemic. Suddenly, in the face of quarantines, people living in urban areas wanted to be in suburbia, and people in all areas needed more space to conduct work from home.
 
In the face of all of this demand for housing is a market with very limited supply. Simple economics tells us that when demand is high and supply is short, prices increase – and this is what has happened and continues to happen in our north Palm Beach County real estate market.
 
The dynamics of this market allow for sellers to be rigid and unyielding. And, this market forces buyers to make less complicated offers (no contingencies) and to be more flexible in accepting a seller’s terms.
 
As an example, I have seen sellers reject offers that contain financing contingencies. I have seen sellers shift closing cost expenses to buyers. I have seen sellers refuse post-occupancy arrangements. I have seen sellers require larger earnest money deposits. 
 
Likewise, I have seen buyers waive inspection periods (and thus waiving the right to cancel the contract under the standard As Is contract). I have seen buyers agree to pay for the cost of title insurance (it is customary – but not required – for the seller to pay for the cost of title insurance in Palm Beach County). I have seen buyers who require financing agree to waive financing contingencies.
 
This is a 2006/2007 redux. Sellers have the upper hand and some might argue are getting unreasonable. I have had sellers contact me asking if they can cancel a binding, pending contract because they received an unsolicited offer for substantially more than the pending contract. Likewise, I’ve had buyers suddenly “wake up” after the right to cancel has expired and realize that they are overpaying for a property and seeking counsel on whether they can cancel the contract and get their earnest money deposit back.
 
Now more than ever it is pertinent to have a strong realtor guiding you through the Byzantine process of buying or selling a home. And, if things get sticky, get a real estate lawyer involved quickly to learn your rights under the contract.

Andrew Pineiro, Esq., Pineiro Byrd PLLC, 4600 Military Trail, Suite 212, Jupiter,
Jupiter Coastal Properties

Real Estate Sales and Rentals 
 
All information and Data is compiled from MLS records and is deemed to be reliable but not guaranteed. Sold information does not include private sales transactions.  Neither articles, advertisers nor non-advertisers should not be considered as endorsements of any product, business, service or person.  

Sales Last Updated 6/14/2021 Vol 103
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