Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks Real Estate - BK3087579
Median price in region up 3% as of March 15th   We have to go way back to September to find the last time we reported an increase in Jupiter condo prices. Six long months of median prices in the Northern Palm Beaches condo market either retreating or staying flat. All this talk of a really big se...
  Housing inventory in Jupiter’s Funky Fishing Village is only 2.6 months   With only 4 active listings, potential buyers of real estate in close proximity to Jupiter’s Funky Fishing Village, do not have much to choose from. Based on 12 month sales figures the available inventory signals a seller...
Pending home sales continue to climb   Its time again to evaluate just what is going on with real estate here in the Northern Palm Beaches. The table is being set for higher home prices in Jupiter and the neighboring communities. Seasonal visitors have been buying and it is welcome relief to thos...
Lowest monthly total in over 29 months     Let’s face it, living in the Jupiter area we are very lucky indeed. With a median single family home price nearing $400,000 there is still no doubt that those spending a million dollars or more on a property are in what we call the luxury market. If we l...
Biggest 30 day jump since April 2013   Jupiter area home prices have been on a seesaw since September with no clear cut direction. Up one month, down the next. We have to go way back to July of last year before finding a two month stretch of increasing prices. Pending home sales had been lacklust...
Highest numbers since June of 2013   We knew this season was going to be big. We kept telling you it was going to be big but until 15 days ago we couldn’t show you anything in the local real estate market that proved the point. Since then, Palm Beach Gardens pending home sales have made such amaz...
Slowest sales month in years to blame for decline   There is no doubt that the south Florida real estate market can change just about as quickly as our weather. After months and months of significant declines in pending home sales the winds of change blew in with strength as we reported a little ...
We told you this season was going to be BIG   Month after month, we have watched pending home sales in Jupiter and the surrounding communities move lower and lower and lower. For nine long months, since April 15th of last year, it had been almost a straight down spiral. Down over 32% during that ...
Weak pending home sales come home to roost   We have been vocal since last year that the 2014-2015 season around Jupiter was going to be big. Really, really big. We have more visitors in town than ever before and they are filling the restaurants, shops, streets and beaches to the brim. Everywhere...
Marketing, marketing, marketing     We just got off the phone with a potential client who has decided he is going to sell his home as a FSBO on Zillow. Naturally we were a bit disappointed, not because we really need the business, but we know the odds of him walking from the closing table with a ...

Tom Priester

Paradise Sharks Real Estate
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