Palm Beach County luxury housing market overview 2021an increased demand for luxury homes, vacation homes, and golf properties
Based on the current market trends in Palm Beach County and across the nation, and new consumer interests amid the COVID-19 pandemic, it may be time to consider your next real estate purchase—an investment you can enjoy for years to come.
Luxury home sales are at an all-time high in the South Florida real estate market. In Palm Beach County, where Timbers Jupiter is located, transactions in 2021 continue to surpass the previous year’s sales with closed sales on both single family homes and townhouses increasing significantly year over year. According to the Q2 2021 Elliman Report for Jupiter and Palm Beach Gardens, the average sales price for both luxury condos and single family homes continues to rise as supply remains low. Furthermore, the National Association of Realtors reported that vacation home sales across the nation increased by more than 16% in 2020 compared to 2019.
A New Emphasis on Lifestyle
As consumers reassess their lifestyle, move to the suburbs, work remotely or retire early, the housing market in Palm Beach County continues to boom. Based on insights from Sotheby’s Luxury Outlook Report 2021, buyers are putting more value on lifestyle with an increased interest in extra space, move-in ready homes, and comfortable amenities.
Warm weather year round, gorgeous outdoor spaces from award-winning golf courses to pristine beaches, and high-end homes make Palm Beach County a desirable destination for this new lifestyle. From endless water sports to a variety of dining and shopping options, learn what it’s like to live in Jupiter, Florida in northern Palm Beach County.
The Reemergence of Golf Course Properties
For golf homes in particular, Sotheby reported that searches for golf properties increased by 26% globally from January 2020 to February 2021 compared to the previous year. At gated golf communities like Timbers Jupiter, sought-after amenities such as access to a Jack Nicklaus Signature Golf Course, full-service spa, and personal concierge services appeal to luxury home buyers. In Jupiter, golf course real estate is available in the form of two- and four-bedroom luxury villas that are elegantly furnished and move-in ready. In the first half of 2021, Timbers Jupiter saw a 450% increase in luxury home sales compared to the same time last year.
Buy Luxury Golf Real Estate for Less
With the shift in consumer interests and surging real estate market in Palm Beach County, you may be interested in purchasing your own home in a gated golf community. At Timbers Jupiter, you can purchase a fractional ownership option that allows you to live the luxury lifestyle at a fraction of the cost.
As a member of the private residence club at Timbers Jupiter, pay for a share of one of the fully furnished luxury villas for sale and enjoy a guaranteed amount of time to enjoy your home each year. Every time you visit, you’ll enjoy five-star amenities in a world-class gated golf community along with many more exclusive owner benefits.
Feel at Home at World-Wide Destinations
Lower costs of ownership at Timbers Jupiter allows for the flexibility to purchase additional real estate investments across various destinations. As remote work becomes a mainstay and consumers have the increased freedom to work wherever they want, the Timbers Reciprocity Program becomes even more attractive. The program is one of the many benefits of the private residence club which allows owners to trade their time at Timbers Jupiter for time at exclusive Timbers Resorts destinations around the world—all while enjoying the luxury amenities and services they’ve come to expect at their vacation home in Jupiter.