Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks - BK3087579
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 ...
Buyers reacting to more house purchase options   With pending home sales jumping 15% in January we now add a 4% jump in home inventory in Palm Beach Gardens and the surrounding communities. Good news that the market needs if we are to see prices move higher over the next few months.    While loca...
Snowbirds aid in 15% jump   Let’s face it, home buyers in Jupiter and the surrounding communities have been frustrated. The lack of quality inventory in many neighborhoods had stalled sales over the past six months. From May 1st of last year through January 1st of this year pending home sales in ...
Lowest monthly sales total in years   Let’s get the bad news right on the table. Condominium sales in the Northern Palm Beaches as of January 15th put in the worst monthly performance we have seen in a very long time. Down 25% over the past 30 days. Down 26.5% from the 12 month moving average. Do...
Median sales price down slightly for the 1st time since October   While single family home prices have shown some rather dramatic swings over the past few months, it has been steady as she goes for condominium prices in the Northern Palm Beaches. The median price of a condominium in the Jupiter a...
Homes under contract in Jupiter remain at the lowest levels we have seen in years   A couple weeks ago we told you the Northern Palm Beaches real estate market was acting a bit schizophrenic and that remains the case. Median prices for single family homes in the area were up sharply in December a...
  3rd straight monthly increase is good news for buyers     Those who follow our weekly reports know that single family home prices in Jupiter and the entire Northern Palm Beaches region showed solid gains in December. With weak pending home sales numbers buyers, so far this season, have decided ...
  We have come a long ways baby.....   As we look forward to another exciting year for real estate here in the Northern Palm Beaches it is time to take a look back and see just how good 2014 was. And it was indeed another very good year. We ended the year with the lowest pending home sales number...

Tom Priester

Paradise Sharks
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