Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks - BK3087579



Sales Remain Steady as Prices Drop for 2nd Straight MonthDespite falling for the 2nd straight month for the first time in well over a year the median condo price in the Northern Palm Beach County region remains firmly ahead of prices realized one year ago. As of January 1st the median sales price...
Median Single Family Home Prices Hit New 3 Month HighAs we see the six month trend for slower single family home sales continue, median prices rebounded last month rising for the 3rd straight month. Compared to year ago levels median sales prices are up 7.7% in the northern Palm Beach County regi...
  For the 4th straight week rates drop The recent moves in interest rates are truly a conundrum as ever since the Fed started the 10 billion dollar monthly pullback in their bond purchases rates have dropped. Like clockwork each week since the first of the year rates have dipped lower each and ev...
  Views, views and more viewsWe have done it again and in the next few days we will have the photos ready for a fantastic new listing of an amazing 2 bedroom unit way up in the sky at Old Port Cove. Not sure what will blow you away more; the panoramic views of the yachts at the marina all the way...
  Fed Slows Bond Purchases and Rates DROP!For almost 5 long years the Federal Reserve has been buying various debt of the United States; over 3 trillion dollars worth with the intent of keeping interest rates at artificially low levels. And it is a program that has work as designed as we saw aver...
Home Inventory Levels Up for 5th Straight MonthOur mid month report shows inventory in the region increased again but only by a fraction. Still the choices for buyers are more numerous than they have been since April of last year and there are some tremendous homes out there looking for new owne...
  Our first mid month report of 2014 and we are looking forward to another amazing year in Palm Beach County real estate. Sales continue to stagnate and as of this morning pending homes sales in the north county region are down another 7.3% from month ago figures. This brings us to another new 12...
  A bit of moderately good news for the local real estate market. For the first time in 5 months the inventory of homes on the market in the northern Palm Beach County region did not increase. As of January 1st there was absolutely no change from month ago numbers. Nothing to shout from the rooft...
We made it! Happy New Year and welcome to 2014. Except for a little football it is time to get focused and back on track with the challenges of the new year.Once again we look at pending home sales in the northern Palm Beach County and for a record 9th straight month they have fallen to new lows....


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