Optimal Timing for Sellers

Statistically, February through April have consistently proven to be the prime time for real estate sales at The Bluffs. Savvy sellers are recognizing the historical trends and are pricing their properties more in line with the current market conditions. This window of opportunity becomes even more crucial as the current buyer pool this time of year is mostly made up of seasonal renters looking to make a purchase before heading back up north for the summer months.

Understanding the current dynamics, sellers need to consider that the buyer pool has undergone changes. Affordability has become a significant concern, influenced by substantial price increases over recent years, higher carrying costs including interest rates, property taxes, special assessments, and insurance premiums. The inventory, while still relatively low, has expanded compared to the previous year, offering buyers more options.

The largest increase in inventory this year has been at the Marina at the Bluffs, mostly due to the needed balcony and elevator restoration projects. Despite the current increase in inventory, I foresee this inventory surge may be temporary. Once the balcony restoration work is completed, it is anticipated that the inventory levels will subside. Historical trends within The Bluffs have shown a similar pattern in other communities, such as Ocean South and Ocean North, where inventory increased during balcony restoration projects but decreased once the work was completed.

Taking a closer look at specific communities within The Bluffs, the current inventory stands as follows:



Ridge: 5 homes for sale out of 618.

River: 5 homes for sale out of 363.

River North: 2 townhomes for sale out of 312.

Lakes: 4 townhomes for sale out of 392.

Marina: 17 condominiums for sale out of 660.

Ocean South: 5 condominiums for sale out of 198.

Ocean North: 3 condominiums for sale out of 120.

For the most current information on "Active" Listings", click on the purple links below or go to our website at Jupiter Coastal Properties. 

Regards from Paradise!

Tom Waidelich

Jupiter Coastal Properties 

Tom Sells the Bluffs

Bluffs Ridge Resident for 20 Years

LEGAL CORNER with ANDREW PINEIRO, Esq.

4 Fun Facts related to residential Landlord-Tenant law in Florida:

1. Did you know that whenever money is deposited or advanced by a tenant on a rental agreement as security or advance rent, the landlord is required to either: A) hold those funds in a separate non-interest bearing account in a Florida banking institution for the benefit of the tenant, or B) hold those funds in a separate interest bearing account in a Florida banking institution for the benefit of the tenant, in which case the tenant shall receive and collect interest in an amount of at least 75 percent of the annualized average interest rate payable on such account or interest at the rate of 5 percent per year, simple interest, whichever the landlord elects, or C) post a surety bond, executed by the landlord as principal and a surety company authorized and licensed to do business in the state as surety, with the clerk of the circuit court in the county in which the dwelling unit is located in the total amount of the security deposits and advance rent he or she holds on behalf of the tenants or $50,000, whichever is less? F.S. s. 83.49(1).

2. Did you know that the landlord at all times during a rental tenancy must: A) comply with the requirements of applicable building, housing, and health codes, or B) where there are no applicable building, housing, or health codes, maintain the roofs, windows, doors, floors, steps,

porches, exterior walls, foundations, and all other structural components in good repair and capable of resisting normal forces and loads and the plumbing in reasonable working condition. The landlord, at commencement of the tenancy, must ensure that screens are installed in a reasonable condition. Thereafter, the landlord must repair damage to screens once annually, when necessary, until termination of the rental agreement? F.S. s. 83.51(1).

3. Did you know that the landlord may enter the dwelling unit at any time for the protection or preservation of the premises. The landlord may enter the dwelling unit upon reasonable notice to the tenant and at a reasonable time for the purpose of repair of the premises. F.S. s. 83.53(2).

4. Did you know that in any civil action brought to enforce the provisions of the rental agreement (i.e., the lease) or Florida Statutes Chapter 83 (Part II) (residential tenancies), the prevailing party may recover reasonable attorneys’ fees and court costs from the nonprevailing party? F.S. s. 83.48.

If you have any questions regarding Florida association laws, contact a real estate or condominium law lawyer to better understand your rights and/or obligations. 

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

Florida 33458, apineiro@pblawfla.com, http://jupiterrealestatelawyers.com

Richard F. Whalen-President

Prime Mortgage

MLS#2468314

2000 PGA Blvd. Suite 4440

Palm Beach Gardens, Fl. 33408

Direct/Cell: 561-371-3394

Office: 561-946-1111

Email: RWhalen@primemortgageinc.com

Website:www.primemortgageinc.com.com

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 Updated 2/8/2024 Vol 126