Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks - BK3087579



We once again close in on sub 4% moneyIt has been quite a while since we brought you an update on interest rates. Frankly, there just hadn't been any news to bring you. On April 13th the average overnight rate on a conforming 30 year fixed loan sat at 4.26%. A week ago it sat at 4.28%. There were...
Paradise Sharks' "New Construction Splash" is your passport to savingsDrive south of PGA Boulevard on US 1 and you do not have to go far to see construction starting to take place on Kolter's Water Club. This amazing community along the water is shaping up to be more than spectacular. Buyers have...
The upcoming season should be a "doozie"How strong is the Jupiter condo market? The best locations are in high demand, with limited inventory and new opportunities tend to get snapped up very quickly. Take a unit at The Pointe building in Jupiter Yacht Club that was listed 10 days ago at $1,075,0...
First pullback of Jupiter condo prices in 5 monthsNo doubt condominium prices in north county have been on a roll. We have to go way back to February to find the last time Jupiter condo prices retreated. But what has me really scratching my head is the Palm Beach County Appraiser's office. If you...
  Fourth straight decline is worry someOK I admit it. I am a bit befuddled. We just updated actual home sales and they were up. They have been up almost every month since March. Not quite across the board up, but almost, with sales increasing over 75% in that 6 month span. Today it is time to upd...
  Selection of available properties continues to dropThose looking to purchase a Jupiter home, or one in a neighboring community, continue to be frustrated. It's not easy as quality inventory is harder to find in these parts than a one legged pelican. Each month at this time we take another look ...
After a wild ride two American standards back on the same pageTime to have a little fun and see where local home prices stand in relationship to the average cost of an American legend; the Big Mac. We have gone back and compared the median priced Jupiter home with the average annual cost of a Big...
Local single family home sales soar to new recordIf you run into a Jupiter Realtor these days you can be sure they have a smile on their face. A big smile. In fact, this Jupiter Realtor broke into a huge grin as I was finalizing numbers for today's article. You see I take great pride in knowing t...
First monthly price decline since OctoberIf you have been reading our articles you already knew this was coming but Jupiter home prices have dropped as of August 1st for the first time in 9 months. After hitting a new 7 year high just 30 days ago the median sales price of a single family home in ...
Potential savings but also riskWhen I decided to sell my first home I contacted the top two real estate firms in the area and asked them to come over and talk. This was in 1983 when the market wasn't that great and interest rates were very high. The "best" of the two told me it would probably tak...

Tom Priester

Paradise Sharks
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