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"AT THE BLUFFS" Newsl
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WHAT'S SELLING AT THE BLUFFS January 2019 Vol 86
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HERE ARE YOUR YEAR END BLUFFS
SALES RESULTS FOR 2018
It's been another busy year here at the Bluffs Communities. Below is the data to compare 2018 sales to 2017 sales for the different Bluffs Communities. Inventory remains on the low side, and sales prices have been stable. The average days on the market during 2018 were 67, well below the average of 85 days on the market in 2017.
The Ridge at the Bluffs had 28 homes sold in 2018 compared to 31 homes sold in 2017. Sales prices ranged from $430,000 to $670,000 in 2018.
The River had 14 homes sold in 2018 compared to 17 homes sold in 2017. Sales prices ranged from $430,000 to $575,000 and one home sold on the Intracoastal for $1,300,000.
The River North townhomes had 13 sales in 2018 the same amount as for 2017. Sales prices ranged from $220,000 to $265,000 in 2018.
The Lakes at the Bluffs had 15 townhomes sold in 2018 compared to 17 townhomes sold in 2017. Sales prices ranged from $241,000 to $270,000 in 2018.
Bluffs Marina had 36 units sold in 2018 compared to 35 units sold in 2017. Sales prices ranged from $269,000 to $510,000 in 2018.
The Ocean South had 15 condos sold in 2018 compared to 13 units sold in 2017. Sales prices ranged from $310,000 to $550,000 in 2018.
The Ocean North had 6 condos sold in 2018 compared to 4 condos sold in 2017. Sales prices ranged from $240,450 to $490,000 in 2018.
Wondering How Much Your Home is Worth?
How has the price of your home changed in today's market?
If you're considering selling your home, we'll be able to help. J
ust give us a call or send us an email for a professional evaluation.
We will give you the honest facts about your home and its current market value. I
welcome the opportunity to be the expert resource for all of your real estate related needs. Call or text me today at 561-373-9653.
Tom Waidelich
Jupiter Coastal Properties
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RECENT BLUFFS SALES
Bluffs Ridge-Sold
Address Sale Price Sale Date Dom
138 Cape Pointe Cir 639,000 12/20/2018 11
186 Ridge Rd 549,000 12/14/2018 8
310 Ridge Rd 585,000 11/05/2018 21
129 Cape Pointe Cir 508,000 10/31/2018 62
197 Ridge Rd 600,000 10/10/2018 108
323 Ridge Rd 595,000 09/28/2018 14
Recent Rentals Rented Price Rented Date
169 Ridge Rd $2,550 12/14/2018
148 Cape Pointe Cir $2,800 10/12/2018
Bluffs River-Sold
Address Sale Price Sale Date Dom
336 River Edge Rd 1,300,000 01/11/2019 47
138 Harbourside Cir 535,000 12/17/2018 83
158 Sandbar Dr 559,000 11/08/2018 1
372 River Edge Rd 670,000 11/01/2018 11
207 St Charles Ct 475,000 09/28/2018 96
Recent Rentals Rental Price Rental Date
103 Landword Dr $2,850 12/08/2018
324 River Edge Rd $2,900 09/28/2018
River North Townhouses-Sold
Address Sale Price Sale Date Dom
2813 28Th Ct 265,000 01/04/2019 2
2517 25Th Ct 265,000 11/01/2018 10
3055 30Th Ct 258,000 10/22/2018 9
3030 30Th Ct 245,000 09/17/2018 8
Recent Rentals Rented Price Rental Date
2608 26Th Ct $1,750 11/17/2018
The Lakes-Sold
Address Sale Price Sale Date DOM
1809 18Th Ct 260,000 11/21/2018 90
1946 19Th Ct 260,000 11/13/2018 27
2325 23Rd Ct 270,000 11/02/2018 14
1822 18Th Ct 257,500 08/24/2018 105
2009 20th Ct 260,000 07/30/2018 36
Recent Rentals Rented Price Rental Date
2302 23Rd Ct $1,750 12/08/2018
Bluffs Marina-Sold
Address Sale Price Sale Date DOM
1701 Marina Isle 503 455,000 01/08/2019 53
1601 Marina Isle 503 430,000 12/13/2018 22
1701 Marina Isle 104 290,000 12/03/2018 21
2001 Marina ISle 101 290,000 11/16/2018 127
1901 Marina Isle 506 365,000 11/08/2018 59
801 Seafarer Cir 505 310,000 10/30/2018 2
1801 Marina Isle 401 315,000 10/15/2018 60
1401 Tidal Pointe 106 277,500 09/26/2018 43
2201 Marina ISle 503 420,000 09/14/2018 118
2401 MArina ISle 405 310,000 08/31/2018 3
Recent Rentals Rented Price Rental Date
601 Seafarer Cir 205 $1,650 11/01/2018
701 Seafarer Cir 104 $1,600 9/25/2018
Address Sale Price Sale Date DOM
201 S Seas Dr 105 340,000 12/27/2018 147
601 S Seas Dr 406 407,500 11/09/2018 31
201 S Seas Dr 201 368,000 08/30/2018 94
101 S Seas Dr 102 310,000 07/31/2018 6
Recent Rentals Rented Price Rental Date
501 S Seas Dr 105 $2,400 9 /28/2018
Bluffs Ocean North-Sold
Address Sale Price Sale Date DOM
201 Ocean Bluffs 103 240,450 12/28/2018 47
301 Ocean Bluffs 202 250,000 09/20/2018 14
201 Ocean Bluffs 504 439,000 06/25/2018 80
101 Ocean Bluffs 106 330,000 06/15/2018 145
Recent Rentals Rented Price Rental Date
301 Ocean Bluffs 205 $2,000 10/01/2018
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LEGAL CORNER with ANDREW PINEIRO, Esq.
Hurricane Michael has raised awareness of potential claims and issues that may arise when a storm affects a property while it is under contract and prior to closing. Here are a few things to be aware of:
Under the most recent version of the standard "as is" FARBAR real estate contract (the "contract"), if the inspection period has elapsed, there is no right to reinspect. Notwithstanding, the Seller has a duty to "maintain the Property, including, but not limited to, lawn, shrubbery, and pool, in the condition existing as of the Effective Date."
The contract does contain a force majeure clause that provides for additional time to perform certain obligations in certain circumstances.
Specifically, Standard G states, "Buyer or Seller shall not be required to perform any obligation under this Contract or be liable to each other for damages so long as performance or non-performance of the obligation, or the availability of services, insurance or required approvals essential to Closing, is disrupted, delayed, caused or prevented by Force Majeure. "Force Majeure" means: hurricanes, floods, extreme weather, earthquakes, fire, or other acts of God, unusual transportation delays, or wars, insurrections, or acts of terrorism, which by exercise of reasonable diligent effort, the non-performing party is unable in whole or in part to prevent or overcome. All time periods, including Closing Date, will be extended a reasonable time up to 7 days after the Force Majeure no longer prevents performance under this Contract, provided, however, if such Force Majeure continues to prevent performance under this Contract more than 30 days beyond Closing Date, then either party may terminate this Contract by delivering written notice to the other and the Deposit shall be refunded to Buyer, thereby releasing Buyer and Seller from all further obligations under this Contract."
If the property is damaged by a storm while the contract is pending, the contract makes provision for these risks of loss. Standard M states that if the cost of restoration exceeds 1.5% of the Purchase Price, Buyer can elect to take the property "as is" together with a credit for 1.5% of the Purchase Price, or, Buyer can receive a refund of the earnest money deposit thereby releasing Buyer and Seller from all further obligations under the Contract.
These are just some of the many issues that can arise when a major storm affects a property while a contract is pending. Navigating the terms of the contract can be tricky. If you are a buyer or seller and come across a storm related contract issue, be sure to consult a real estate attorney to determine your rights and obligations under the contract. Andrew Pineiro, Esq., Pineiro Byrd PLLC, 4600 Military Trail, Suite 212, Jupiter, Florida 33458, [email protected].
Andrew A. Pineiro, Esq. * Pineiro Byrd PLLC
4600 Military Trail, #212 * Jupiter, FL 33458 * 561.799.9280
Andrew A. Pineiro is a real estate and business litigation lawyer, licensed in the state of Florida since 1997. Based out of Jupiter, Pineiro Byrd PLLC has handled thousands of real estate transactions throughout Florida.
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Jupiter Coastal Properties
Bluffs River
158 Sandbar Dr-SOLD
Bluffs Marina
1101 Seafarer CIr 105
Call for Details 561-373-9653
2601 Marina Isle Way 105-SOLD
2501 Marina Isle Way 106-SOLD
1001 Seafarer Cir 501-SOLD
1701 Marina Isle Way 205-SOLD
Bluffs Ridge
200 Ridge Rd-SOLD
320 Bells Vista Ct N Unit 20-New on the Market
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THE BLUFFS MARINA
Dockominiums for Sale or Lease
Dockage for Vessels up to 130'
Call 561-627-6688 for more information and pricing.
www.thebluffsmarina.com/
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