Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks - BK3087579
First Increase in Jupiter Home Inventory Since March 1stHome buyers in the Northern Palm Beaches are frustrated. Frustrated that there is little quality inventory to choose from and buying a home is not an easy task in many market segments. Each client we have that comes to town seems bewildered ...
Jupiter condo sales: Is it the lack of inventory or something moreOne thing is certain. Jupiter condo sales and those throughout the Northern Palm Beaches have slowed. Dramatically. To the lowest monthly total we have seen in years. We had to redo our charts to put in a new bottom row because thi...
Six month run of higher Jupiter condo prices ends as predictedWe have been telling you to expect a pullback in median Jupiter condo prices and it has finally happened. And the fall is probably going to continue for at least a couple more months but we still are expecting prices to move higher dur...
Home inventory in Jupiter increases for the 1st time since FebruaryHome buyers in the Northern Palm Beaches should rejoice. Dance on the beach, shout from the Jupiter Lighthouse, jump for joy. It has been very tough to watch the home inventory in Jupiter and the surrounding communities fall month...
mportant metric up for 2nd straight monthWith local home sales tanking for 2 straight months and taking single family home prices lower the real estate market has us asking many questions. Last week in this column we asked if this reversal in fortunes was a normal market correction or a big deal....
Reservations are now being taken for AzureYesterday I had the opportunity to spend time with some of the main players involved with a new condominium project that has everyone talking. A couple weeks ago I saw the dirt flying at the southeast corner of Donald Ross and Prosperity and wondered just...
Second straight significant fall for Jupiter home salesIt was exactly one month ago we showed you how the decline in pending home sales were finally affecting Jupiter home sales and those in the neighboring communities of the Northern Palm Beaches. We told you to expect more weakness until our no...
Jupiter home prices fall back to March valuationsAs of October 1st, median single family home prices in Jupiter and the surrounding communities fell again. Down another 3% from month ago levels bringing the three month total drop in Jupiter home prices to almost 8%. If you have been following our...
Positive sign as we head into the 2014-2015 seasonPending home sales in Jupiter and throughout the Northern Palm Beaches have been in a funk. That funk had the local index down over 25% since the 1st of May to the lowest levels we have seen in years. No doubt the investors who were responsible fo...
We need new listings to meet demand October has arrived in paradise. Fall is in the air. The news came yesterday that a Tiger Woods restaurant will soon be open in Jupiter. The 2014-2015 season kicks off and it is going to be busier around here than we have ever seen. People are going to want to ...

Tom Priester

Paradise Sharks
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