Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks - BK3087579



Sales in North County drop 38% in one monthWasn't it just yesterday we published an article titled "Local Condo Prices Continue to Soar"? In fact, they were up to the highest levels we have seen in six years and heading towards a 3rd straight year of triple digit gains. Something that has never h...
Up once again to new multi-year highsThe median sales price of a condo in the northern Palm Beach County region is up again. As of June 15th the median price was up to $190,000; a level that we have not seen in these parts since 2008. Nowhere in the world of real estate is the ride more like a ro...
Buyers choices limited in today's marketWe have to go back 7 long months, all the way back to November 15th, to find a time when home buyers had fewer opportunities in the North Palm Beach area. As of June 15th, we have had our 4th straight monthly reduction in local home inventory and while it w...
This summer is going to be very interesting......Single family home sales in the northern Palm Beach County region have been red hot; up over 63% since the low we hit with January sales. Condo sales were up almost 70% during the same period. Strong numbers, very strong numbers but still far below...
    Interest rates move higher for the 2nd straight weekFrankly interest rates are starting to bore me. Interest rates are one of the very most important factors that control the direction the real estate market is heading. I watch them daily, have for years as they are that important. It was dri...
  Intimate neighborhood of Italian inspired town homes planned for Villa DiamanteWhile we have little land on which to build here in Jupiter there are small parcels attracting big names and we are very pleased to see Kennedy Homes bringing their talents to town. If you haven't heard of Kennedy Ho...
Kicking the tires is great but when the mechanic comes.....One of my favorite days in any real estate transaction is the inspection. It is the day we bring in the pros to see if my background in construction made sure I provided my clients proper direction. This afternoon our inspectors are going...
If your home is on the market you need to know the difference between lock boxesOne thing is for sure; when selling your home the easier it is for agents to show the property the better. The whole key is getting the right buyer through the front door and the fewer obstacles in their way the bette...
Price dropped another $100,000 as Olivia Newton-John looks for buyerIt has been about 10 months since their contractor committed suicide in the Jupiter Inlet Colony home. Last August, the property was listed at $6.2 million and Rosie O'Donnell was all set to purchase the intracoastal home on the ...
Home sales in Palm Beach Gardens hit new 11 month highAs we reported here yesterday, prices on single family homes in the Palm Beach Gardens area continue their climb. Up to another new 7 year high; for the 7th straight month. The one thing we need to keep this pricing momentum moving is strong s...

Tom Priester

Paradise Sharks
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