Tequesta Absorption Rates Down for 3rd Straight Month The real estate market here in South Florida continues to defy gravity. Sales throughout the north county area were super strong in March with solid double digit gains over February numbers. We will be looking forward to the final numbers from April a few weeks down the road but can tell you at this point they too look rather amazing. Each month at this time we delve into the absorption rate in each of our local communities to see what this metric might tell us about the future direction of the market.   While over the past week or two we are seeing some additional inventory hit the market it seems much of this is from seasonal owners deciding to test the waters since they are heading back home for the summer. Some of these homes ar... 04/28/2012

Median Prices Stay Rock Solid in Tequesta Spring is in the air, our streets here in paradise are less crowded and a seat at The Food Shack on Friday night is easier to find. All is well and the real estate market continues to thrive in south Florida. Finding well priced properties, especially single family homes in good shape, remains a struggle and seeing multiple Realtors with their clients in tow within hours of a new listing hitting the market is a typical sight.   While inventory levels remain lower than those we have been spoiled by over the past few years we are seeing some renewed listing activity over the past week or so. While we are still about a week away from our detailed look at inventory levels I expect them to have remained relatively unchanged. With interest rates setti... 04/27/2012

The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source. Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Palm Beach County Florida, 04/23/2012

Tequesta Market Report 4/15-4/21/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Sold Date Casa Del Sol Townhouse 3 3.5 2,882 $399,000 $340,000 4-20-12 Little Club Single Family 2 2 1,386 $167,900 $150,000 4-16-12 North Passage Single Family 4 2.5 2,342 $503,000 $500,000 4-17-12 Tequesta Country Club Single Family 4 4 3,400 $1,495,000 $1,275,000 4-17-12 Turtle Creek Single Family 3 2 2,199 $499,000 $440,000 4-18-12 Turtle Creek Condo 3 3 2,289 $269,000 $250,000 4-17-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com   04/23/2012

Tequesta Oaks Tequesta Florida Price Reduction Tequesta Oaks LISTING PHOTOSClick photo to enlarge $215,000 reduced to $207,000 Community Pool Oak Lined Streets Private Entrance Community Pool Kitchen Dining Area Living Room Master Bedroom Large 2 Car Garage with Storage Price: $207,000 61 Laurel Oaks Cir Tequesta FL, 33469 Read Our Review of this CommunityLink to Google™ Map Listing Agent: Donald L. Urschalitz P.A. Type: Town Home 55+: No Bedrooms: 3 Pets Allowed: Yes Bathrooms: 2.5 Dockage Available: No Stories:   View: Garden Square Feet:   Waterfront: No Gated:   Waterfront Type:   Amenities: Community Pool, Cabana, Jogging Area Activities: Dining, Shopping, Movies, Theater Beautiful 3 bedroom 2.5 bath 2 car garage with screened patio townhome. Built solid by Divosta sub flooring bet... 04/21/2012

Tequesta Market Report 4/08-4/14/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Little Club Condo 2 1.1 850 $62,500 $43,530 4-10-12 Tequesta Country Club Single Family 5 5 4,487 $1,496,000 $1,300,000 4-10-12 Tequesta Country Club Single Family 4 5.1 3,900 $2,100,000 $2,000,000 4-10-12 Tequesta Country Club Single Family 3 2 1,850 $322,000 $297,500 4-12-12 Tequesta Country Club Single Family 3 2 2,028 $399,500 $315,000 4-10-12 Tequesta Oaks Townhouse 3 2 1,298 $159,900 $154,500 4-10-12 Turtle Creek East Condo 3 3 2,142 $240,000 $220,000 4-10-12 Turtle Creek East Condo 3 3 2,368 $349,900 $315,000 4-13-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Rea... 04/16/2012

Tequesta Market Report 4/01-4/07/12   Community Sub Type Br Bath Sq ft List Price Sold Price Date Sold Ocean Towers Condo 2 2 1,800 $750,000 $600,000 4-02-12 Tequesta Country Club Single Family  3 3 2,476 $266,800 $247,250 4-02-12 Tequesta Country Club Single Family 3 2.1 2,107 $349,000 $305,000 4-04-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com   04/10/2012

Tequesta Inventory Levels Decline 3% in MarchAnother month has passed and many of our northern visitors have packed their bags and headed north for the summer. The local real estate markets continue to show marked improvement with the number of contracts executed to purchase homes remaining strong. Investors continue to drive the bottom end of the market and their numbers seem to multiply on a daily basis. Anyone who works with investors will attest how aggressive their clients need to be to successfully land one of the foreclosures that continue to hit the market. Other segments remain red hot as well with well priced single family homes under the $400,000 threshold in good condition remaining a very hot commodity. In a normal market this would be a sign of higher prices ahead but then... 04/03/2012

Tequesta Market Report 3/25-3/31/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Heritage Oaks Single Family 4 3 2,860 $599,000 $540,000 3-30-12 Jupiter Hills Single Family 5 5.2 6,068 $1,499,000 $1,000,000 3-30-12 Jupiter Ridge Single Family 3 2 1,404 $185,000 $113,000 3-30-12 Little Club Condo 2 1.1 910 $59,900 $45,000 3-30-12 Ocean Towers Condo 3 2 1,700 $690,000 $625,000 3-29-12 Ridgewood Single Family 3 2 1,220 $164,900 $165,000 3-30-12 Riverbend Townhouse 2 2.1 1,230 $129,900 $118,500 3-30-12 Sea Watch Condo 2 2.1 2,010 $625,000 $600,000 3-28-12 Tequesta Country Club Single Family 3 2 2,046 $349,999 $334,000 3-30-12 Tequesta Hills Townhouse 2 2.1 1,325 $124,900 $99,950 3-28-12 Tequesta Oaks Townhouse 3 2.1 1,441 $189,800 $185,000 3-28-12 Turtle Creek Condo 2 ... 04/03/2012

Juno Beach Market Report 3/25/-3/31/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Brigadoon Condo 2 2 1,760 $385,000 $355,000 3-28-12 Oceanfront at Juno Condo 4 5.1 3,955 $1,295,000 $1,100,000 3-2712 Your Ultimate Team Website Your Ultimate Team for North Palm BeachJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com   04/02/2012

Tequesta Market Report 3/18-3/24/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Broadview Condo 2 2 1,250 $249,000 $232,500 3-22-12 Pines Jupiter Condo 1 1 864 $45,000 $45,000 3-23-12 River Ridge Single Family 4 3 3,213 $570,000 $570,000 3-23-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com 03/26/2012

  The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source. Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Palm Beach County Florida,   03/25/2012

Tequesta Absorption Rates Look Very Positive As we pass the midway point of tearing another sheet off the 2012 calendar we are heading straight into the spring buying season here in Southern Florida. The current metrics surrounding the continued improvement we have seen for well over a year are as interesting as ever; foreclosures remain lower than expected, interest rates have made a move to the upside and finding well priced properties is many segments remains a difficult task.   Monthly we take a look in this column at the absorption rates in 5 communities and the trend of that metric is a very important sign as to the current strength of sales when compared to current inventory. The lower the absorption rate the stronger the market favoring sellers and the higher it goes shows the m... 03/21/2012

Tequesta Market Report 3/11-3/17/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Heritage Oaks Single Family 3 2.1 2,447 269,000 440,000 3-13-12 Jupiter in Pines Single Family 2 2 1,452 248,900 236,000 3-15-12 Ocean Sound Condo 3 2.1 2,554 1,095,000 1,000,000 3-16-12 River Ridge Single Family 4 2.1 2,772 899,000 850,000 3-14-12 Tequesta Country Club Single Family 4 6.1 5,986 2,495,000 2,000,000 3-14-12 Tequesta Country Club Single Family 2 2.1 2,304 319,000 307,500 3-12-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com   03/19/2012

Tequesta February Sales Disappointing but Prices Remain SolidAs we “sprung forward” last weekend the nice sunny skies lasting later in the day are a perfect reminder that spring home buying season is upon us once again. For the first time in over 6 years we are in a position where interest rates are at historic low rates, housing inventories are at multi-year lows and many economists are finally calling the bottom of the great real estate bubble.    There is no doubt that the foundation for potential price increases is stronger than we have seen for a very long time. Indexes that track sales of previously owned homes continue to rise on a national level and again strengthens the potential for prices to once again be on the rise. As we all know, real estate is very local in nature so let... 03/13/2012

Tequesta Market Report 2/26-3/10/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Broadview Condo 2 2 1,250 $230,000 $220,000 3-01-12 Casa Del Sol Townhome 3 3.1 2,678 $429,000 $429,000 3-02-12 Heritage Oaks Single Family 4 3 3,150 $499,000 $450,000 3-01-12 Jupiter Heights Single Family 2 2 1,439 $270,000 $173,000 3-06-12 Little Club Condo 2 1.1 910 $58,000 $45,000 2-28-12 North Passage Single Family 3 2.1 2,747 $699,900 $625,000 3-07-12 Ocean Villas Condo 2 2 1,200 $149,614 $192,500 3-07-12 Rolling Hills Single Family 3 3 2,088 $500,000 $475,000 2-29-12 Tequesta Single Family 4 2 2,864 $699,000 $610,000 2-27-12 Tequesta Single Family 3 2 1,612 $199,000 $175,000 2-27-12 Turtle Creek Single Family 2 2 1,787 $270,000 $250,000 2-27-12 For more information on this area ... 03/13/2012

You have decided to purchase Tequesta FL real estate and are wondering what steps you should take next. When making such a large investment you want to be sure you are making all the right choices and doing your homework before heading to the closing table. The best idea to navigating your way to a smooth closing is find a licensed real estate agent or broker to lend a helping hand and provide home buying tips and area knowledge. A real estate professional is a great source and can easily identify any areas of concern one might have as a buyer of Tequesta FL real estate. With so many things to consider including property liens, mortgage rates, and home inspections it is wise to find help. Make sure you do your due diligence before closing on your next real estate purchase and protect y... 03/12/2012

Tequesta Home Inventory Increases 3% in FebruaryAs we get started with another month it is time to take a fresh look at housing inventory levels throughout the area to see what is happening to the number of homes buyers have to select from. Nothing dramatic from month ago levels with some municipalities showing slight increases and some showing slight decreases; nothing more than 3% in either direction. Overall, still up form the lowest levels around October but in most cases still well below the large inventories we have been dealing with for quite a few years. Seller’s certainly have less competition but the steady stream of foreclosures that have been with us remain a force to be reckoned with. One really needs to explore the inventory levels associated with each property when making... 03/07/2012

Tequesta Absorption Rate Improves in February Month after month pending home sales are one metric we have watched closely to help us determine where sales may be heading in the upcoming months. With so many short sale transactions that sit as contingent for what seems an eternity and with some buyers having multiple contracts at the same time just hoping one of them comes through the validity of these numbers remains in question. We need to watch closely the homes that go under contract each month so we have decided to change from tracking pending home sales and start bring our readers the latest absorption rate in each community.   The absorption rate is perhaps the easiest way to understand the market conditions in any given area and we will now track this metric the middle of each mo... 03/05/2012

Tequesta Market Report 2/19-2/25/12     Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Bayview Terrace Singe Family 4 3 2,606 $600,000 $505,000 2-20-12 Sandy Depth Single Family 4 5 3,716 $1,999,900 $1,500,000 2-22-12 Tequesta Towers Condo 3 2 2,066 $790,000 $565,000 2-22-12 Turtle Creek Condo 2 2 1,400 $99,500 $97,000 2-21-12 Turtle Creek Single Family 2 2.5 2,496 $339,900 $320,000 2-24-12 Turtle Creek Condo 3 3 2,400 $280,000 $260,000 2-20-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com 03/01/2012