Treu Group Real Estate Blog - Jupiter

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International Real Estate Market in FloridaThe international impact on our South Florida real estate market makes me think of "It's a Small World After All".  If you have been to Disneyworld, that song probably started going in your head.  In South Florida, that is a great theme song for our real estate market.

Florida has become a favorite with International Buyers and is the #1 place that they are investing their money.  

Top States for International purchased

Florida - 22%

California - 15%

Texas - 10%

New York and Arizona - 4% 

The international buyer spends more on real estate as an average sales price which helps the luxury sellers.  Most international buyers are cash which is a nice plus.  Also many buyers are looking for property that will wow their friends and family.  Often the homes are vacation homes or even quick get a way properties.  

Understanding which countries are interested in South Florida is important. We are constantly building relationships and studying the world changes so that we can stay in front of the changes.  

For more on International influence on the local real estate market in South Florida, check out our latest radio show!

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Buying a home with Treu Group Real EstateThis week on Treu's Weekly Tips we'll talk about buying a home and everything you need to know about the process! The first step is getting pre-approved. Treu Group has great resources for you, like our website which is a direct MLS feed, so you can search all of the newest homes for sale. 

When buying a home, or working with a builder, you should use Treu Group. Most importantly, we will represent you as a buyer's agent. The seller pays our commission, and when you hire one member of the Treu Group, you really get the entire Treu team, working for you! We have years of experience and are experts at getting results, and finding solutions. 

 

Listen to "Master Your Mortgage with Treu Group Real Estate" here!

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The international market is alive and well in Florida.  It really is a small world after all.  Changes globally impact us here at home in Florida both positively and negatively.  Why does the international market matter so much?  Florida receives 22% of all international buyers.  In fact, we are the number one state that international buyers purchase in.  Many guess that California or New York are the most popular however they trail Florida with !5% for California and 4% for New York. This shift has occurred since because of the perceived value for Florida properties. 

One of the benefits of the international buyer is that their average sales price is higher.  The average sales price for Florida buyers was $258,200 compared to Florida International buyers at $538,600. 

Why do international buyers purchase a home in Florida? 

41% selected Florida because it is a desirable location.  That is an easy guess.  Who wouldn't love warm weather, great beaches and a lot of entertainment. 

30% selected Florida because it was a secure investment. 

21% selected Florida because it was a profitable investment. 

The value of the US dollar versus their prospective country's currency impacted their ability or comfort to make a purchase.  The Canadian, Brazil and Britain have seen the impact and therefore their buying decisions. 

Why do international buyers decide not to purchase?  The number one reason is the cost of the property.  This is up 7% in a year.  The other reason is that they could not find the right property.  Many times, this could be avoided by finding the right agent that understands their needs, takes a consultative approach, has an understanding of the market and a proven track record. 

The International Market is always changing and it is important to look for the opportunities that are current and also upcoming.  I would say all countries are important however some impact our real estate market more than others.  Changes in economic and political situations in other countries as well as the United States can impact buying and selling decisions for South Florida. 

Why is the International Market important?  They make up many of our real estate transactions and also tend to buy more expensive properties.  What do the international buyers spend by country?

Brazil                      $587,700 

Canada                   $376,800

China                   $1,064,000

United Kingdom       $289,600

Venezuela                $390,400

Western Europe       $844,500

Most of the international buyers are purchasing with cash which also helps with our real estate market stability.  Only about 20% of the buyers obtained a mortgage. 

Why are they buying?  We are seeing a variety of reasons.  Buyers from the UK were the most likely to purchase for vacation or rental.  Buyers from China like to buy properties for their primary residence or for their college students to occupy.  This is one of the reasons that the Chinese tend to spend more. 

Why should Palm Beach County be considered by international buyers?  Palm Beach County offers stability and opportunity.  There are amazing communities that have a variety of lifestyles including golf, great beaches and unlimited entertainment.  There is something for everyone. 

 

 

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The international market is always something to watch with real estate in South Florida. It is always a constantly adapting market, with the economic and political changes that take place.  As the famous ride at Disney World says, It's a Small World After All.  

Which two countries could have the greatest impact on OUR Florida real estate market?  

Give up? 

Well…. One is CANADA.  The other is CHINA.

Let me ask you another question now.  Which country’s impact will be more positive and which will be negative?  I’ll give you a hint:

 China has just surpassed the US as the official new world leader in cross-border investing.  Florida has made the top 5 places that Chinese investors are focusing on with their real estate purchases.  
 

And what exactly are the Chinese investing in??  They are investing in residential and commercial property assets - to the tune of about 21 billion dollars!  And they’re using some great strategies to do so.   

What is their overall investment strategy?  

Stability… and opportunity. By opportunity…the Chinese know where to find a good REAL ESTATE BARGAIN.  South Florida is really popular since our rent rates are favorable for the investor. 

Now… what about our friends north of the border??  Well… that’s where the news isn’t so good.  

Canadians represent a lot of the international real estate purchases here in Florida.  However, with the Canadian dollar continuing to decline… that’s causing a significant decrease in their ability to invest in Florida real estate.  With the strengthening of the US dollar, it now costs 25% more for the Canadian buyer.  
 

What can you learn from all this:  It’s important when hiring a realtor… that your realtor knows the ins and outs of the international market!  


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3 Ways to Save Big on Property Tax

 

I am sure you have heard the quote, "In this world nothing can be said to be certain, except death, and taxes," by Benjamin Franklin. However, there are ways to save money on your property taxes!  In the state of Florida, you can claim homestead on your property if you reside there for 6 months and 1 day out of the year. If you own a property in Florida that is your primary residence, you qualify for some great tax breaks!  Here are 3 things you need to know about property taxes:



1. Close by December 31st, 2016!


If you are in the process of purchasing a new home, you must close by December 31st to be allowed to receive the homestead tax exemption for the next year. To qualify for the homestead exemption for the year of 2017, you must own your home by December 31st, 2016! Another date to keep in mind is March 1st, 2017. In order to get a homestead tax exemption for the year of 2017, you must apply by March 1st, 2017. If you miss these dates you will have to wait until next year!  Either error could cost you thousands of dollars. 


2. Plan ahead!

Closings  can take some time. The average closing takes about a month to fully complete. In some cases it can take up to 6 weeks. Allow yourself plenty of time well before the December 31st due date to assure that your new home will qualify as your primary residence for the next year!


3. Use a reliable lender!


Be sure to finance your new home through a lender you can trust. Don’t work hard to meet that December 31st cut off only to find that your financing has fallen through or has been delayed! Only use a dependable lender for your real estate finances, a reliable institution that will definitely be able and willing to hit your deadlines.


Follow these steps to your homestead tax exemption!


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1927 W Frederick Small Rd, Jupiter, Florida

$ Click for current price
3 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 1836 SQUARE FEET

Abacoa townhome is special with all of the upgrades you desire as well a location that makes you feel like you have all the space and privacy you desire.  You will love the park/green area next door too.  This property was lovingly updated and someone is going to get a special home. 

With an amazing location, Abacoa is paradise in Florida.  You have the golf course, shopping, restaurants, great entertainment and even Roger Dean Stadium for spring training.  If you love baseball, you will be in heaven.

As soon as you enter walk up to the property, you will be welcomed by the front porch and there's even a balcony off the master suite.  However you won't want to stop there.  Go on in and get ready to fall in love.  There is a flexible design with an open layout.  There's a living room area or maybe you want to play pool like the current owner.  Yes the area will accommodate a pool table.  The area that you love spending time in is your family room that is near a large dining area and an updated kitchen.  You will love the Bay window with a beautiful view from the dining area.  The kitchen features updated white cabinets, granite countertops and upgraded appliances.  There is a laundry room and 1/2 bath downstairs too. 

Upstairs you will find a master retreat that is designed for relaxation.  The master bedroom has a balcony too.  The master bath features dual sinks, a roman tub and separate shower. 

This home looks like HGTV has been here with all of the designer finishes.  There's ceramic tile on the 1st floor that looks like hand-scraped wood, crown molding, central vac, hurricane panels and hand scraped floors upstairs. 

Do you want to entertain alfresco?  You will enjoy the private patio.  The two car garage and parking the front is a real treat. 

Who want to call this home?  Call us today.

What does the Seller Love?

About the city/town

We love the fact that our home in Jupiter is close to so many things: Juno Beach (with its dog beach), The Gardens Mall and Downtown at the Gardens, Harbourside, the Jupiter Lighthouse and its surrounding fun restaurants, Abacoa Town Center including Roger Dean Stadium, Downtown at Abacoa with its restaurants and outdoor amphitheater as well as the skate park, recreational fields, and more.

About the neighborhood

We love the way our neighborhood, Tuscany at Abacoa, looks and feels. There are so many things to see and do within walking distance of our home. We can walk to baseball games at Roger Dean, visit our Tuscany community pool and clubhouse or play golf at Abacoa Golf Club. We attend concerts at the amphitheater and classic car shows. FAU is also within walking distance and we enjoy ArtiGras, the annual arts festival. One of the best aspects of Abacoa is the miles and miles of beautiful streets where we can walk our dog. We have met many fellow dog lovers along the way. The neighborhood has a nice mix of age groups with families, young professionals and baby boomers all living together. We are only one mile from I-95 and close to the Florida Turnpike which is sooo convenient to go to CityPlace, Delray Beach and Wellington. We also have a well-organized HOA which keeps Tuscany in tip top shape!

About the Home

We love the relaxing feeling that exists throughout our home. Every room is casual and warm. The open courtyard allows us to bring the tropical Tuscan feeling inside. We love the way we have upgraded the home in the past year. The floors are fabulous and so easy to maintain. The granite countertops, backsplash and new appliances are also some of our favorites.

 

 

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217 Pirates Pl, Jupiter Inlet Colony, Florida

$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 2005 SQUARE FEET

You have worked hard and you deserve to call this home.  Jupiter Inlet Colony offers the lifestyle and an amazing location near the beach.  The split design home has all of the luxury features and upgrades that you desire.  You can have it all if you hurry. 

As soon as you pull up you will see the love and care that this home has received.  It looks like HGTV has been here with all of the design touches.  Why will you love it?  There is so much to love...and the great news is that you can have it all. Saturnia marble flooring, crown molding, plantation shutters and more.  Do you love to cook?  This kitchen will call your name.  Updated maple solid kitchen cabinets with pullouts, pantry and corner cabinets.  There are GE Monogram appliances including a convection/microwave allowing for double oven.  There's even a wine cooler.  The custom island has granite and a butcher block counter top.  The master suite is a real retreat with an updated bath.  The master bath has a spa tub and the shower has multiple jets for relaxation. 

The backyard is paradise.  Imagine opening your sliders to allow your entertaining area expand.  The screened pool/patio has all the room you desire.  It's ideal to dine, read a good book or take a dip.  Your pool is unique as it has a depth of 8', a rock waterfall, custom lights for mood lighting at night, has a ledge ideal for pool parties and even an area for swimming laps.  There is something for everyone. 

Your property has lush landscaping with coconuts and fruit trees. 

Other special features:

  • Split Design
  • Upgraded kitchen
  • Renovated baths
  • Office features custom built-ins with Murphy bed, and additional desk (that is stored in cabinet)
  • 12 coconut trees grown from existing trees
  • Fruit trees, Persian lime, honey bell orange and lemon

Are you ready to see this special home?  Call us at 561-376-2424

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This home is a wow! Located in Jupiter Farms, the property encompasses 2.71 acres of lush landscape and boasts a large building, pool and spa, areas for animals, stalls, and more. You will love the luxurious upgrades and endless amenities!

 

Indoors, this home features an ideal three-way split design with a great open floor plan ensuring that your family and guests feel welcome and comfortable. The expansive family room lets in plenty of natural light and has easy access to the kitchen. If you love to cook, look no further. The kitchen is upgraded with granite countertops, modern stainless steel appliances, and more. It has plenty of countertop and storage space, plus even a cook's island and snack bar.

 

If you are in need of a getaway, you can find one in your own home. The master suite is immaculate. Have a spa day every day in the upgraded master bathroom with roman tub and walk in shower. In addition, the garage was converted into two additional bedrooms, one without a closet, giving you and your loved ones a total of five spacious rooms. Need more? There is even a den that can easily be transformed into a home office space, workout room, or media and play room.

 

Outdoors, the possibilities are never-ending. The large covered patio provides the perfect shaded sanctuary for enjoying a good book and a cold drink, or hosting a lively summer barbecue. And the screened pool and spa is what South Florida living is all about. Cool off on a hot day, or sunbathe by the water all in the privacy of your own home. With 2.71 acres, this property is ideal for car collectors, animal lovers, and landscape enthusiasts alike. You can add playgrounds for kids, a fire pit, a garden, and more. Do you have boats or an RV? There is room for that. And for your animals, this home has fenced in pens that give them space to safely roam, as well as stalls.

 

This home has the best of what you want out of Jupiter Farms. Here are just a few of our favorite local amenities.

Harbourside Place is where to be for shopping, dining, and entertainment all in one. Located along the intracoastal waterway on Riverwalk, the brick streets are lined with local boutiques, well known brands, and delicious restaurant and bar options.

Riverwalk encompasses approximately 2.5 miles along the intracoastal waterway and Jupiter Inlet. It is the perfect place for a scenic bike ride or jog. And you can even rent out paddle boards and jet skis for a full day of fun in the water. The Yacht Club by the marina also offers diving to the local coral reefs!

Roger Dean Stadium is a mecca for baseball fans everywhere! It hosts not one, but two major league baseball teams annually and is open for spectators during season and spring training.

 

To learn more about this home, or homes like it, call the Treu Group today for all of your real estate needs!

See all Jupiter homes for sale here.

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This beautiful home in Jupiter's Little Oaks is well cared for in a great neighborhood.   The property is situated on half an acre of lushly landscaped paradise and boasts three spacious bedrooms and two bathrooms. 

Throughout the interior, you will find special upgrades that really make the home shine, as well as a great layout with a split design. The home's floor plan highlights breathtaking views and makes indoor entertaining easy. Bring enjoyment back to dining in your large formal dining area that overlooks the backyard. This room is open to the kitchen that has been updated with a chef in mind. There are a lot of cabinets and storage space, granite countertops, and two skylights to bring in natural light. Off of the kitchen, there is an extra space ideal for a home office, play room, or home gym--the choice is yours! And after a long day, you will look forward to relaxing by the fireplace in your living room.

  

Outside, the large screened and covered patio might become your new favorite hideout. Lounge in the shade with an ice cold drink and a good book! Or invite all of your friends, family, and neighbors over for a lively summer barbecue! With half an acre of lot space, there is room for a pool, play area, fire pit, and more! The backyard is fenced in, too, for additional safety and privacy.

 

 

 

The Little Oaks community truly feels like a neighborhood. You will always see neighbors walking their dogs or jogging along trails.  The amenities are incredible, too; all residents enjoy access to a breathtaking waterfront park!

 

 

We know that purchasing a new home also entails moving to a new area! Here are just a few of our favorite places to eat, play, and relax in Jupiter, Florida.

Harbourside Place is where to be for shopping, dining, and entertainment all in one. Located along the intracoastal waterway on Riverwalk, the brick streets are lined with local boutiques, well known brands, and delicious restaurant and bar options.

Riverwalk encompasses approximately 2.5 miles along the intracoastal waterway and Jupiter Inlet. It is the perfect place for a scenic bike ride or jog. And you can even rent out paddle boards and jet skis for a full day of fun in the water. The Yacht Club by the marina also offers diving to the local coral reefs!

Roger Dean Stadium is a mecca for baseball fans everywhere! It hosts not one, but two major league baseball teams annually and is open for spectators during season and spring training.

Learn more about this home and even schedule a private showing by calling the Treu Group! Whether buying or selling, we are here to help.

See all Jupiter homes for sale here.

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This home is a wow!  Located in Abacoa in Jupiter, Florida, this unique one-story home boasts a great room layout and all of the square footage that you desire.  This special offers all of the luxury you desire with an amazing design. 

 

This home offers three spacious bedrooms,, a den, an exercise area and three and a half bathrooms.  You will especially love all of the custom details that this home offers, such as the beautiful hand scrapped wood floors.  The layout is perfect for entertaining with a great room design with room for watching the game or spending time with loved ones and a grand dining area made for dinner parties.  And the kitchen is built with a chef in mind.  The kitchen features custom cabinets, granite countertops, tumbled marble backsplash, and stainless steel appliances.  The large breakfast nook and kitchen island are the perfect places to sit and have a cup of coffee or a snack.  And at the end of the day, unwind in the luxurious master suite.  The master features custom walk-in closets, and an upgraded master bath.  In fact, all of the bathrooms in this home feature sleek upgrades.

This expansive home is located on a coveted corner lot and offers a spacious lot too.  Enjoy the year-round tropical weather on the front porch or covered and screened back patio.  Sip on your favorite drink while perusing a magazine on the front porch, or invite all of the neighbors over for a barbecue out back, the possibilities are truly endless.  Be entirely carefree knowing that the lawns are cared for, too. 

Interested in this incredible home?  Call the Treu Group today to learn how this home can be yours and schedule a private showing!

 

 

 

 

We know that buying a new home means buying into a new neighborhood, too.  Here are just some of our favorite attractions in Jupiter, Florida:

Harbourside Place is the place to be for shopping, dining, boating, and more!  This downtown area is located right by the coast and perfect for a day with the family, date night, or a leisurely stroll.  You'll find some of your favorite brands, local boutiques, and delicious restaurants, bars, and nightlife.

For lovers of the game, Roger Dean Stadium is the place to be!  This huge stadium hosts two major league baseball teams for spring training annually.

Are you ready to see this special home?  Call us at 561-376-2424. 

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