Tequesta, FL Real Estate News

By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption Rate in Tequesta Moves Lower by 11%   The period between Thanksgiving and New Years always seems to be a bit quieter than others during the year. Holiday celebrations, time spent with family and friends, goal setting for the new year and other reflections do take away from the normal routines of our every day lives. As we wind down the few remaining days of 2013 we want to thank each of you who has supported our efforts and we look forward to keeping you informed in the new year.   A year ago it was clear that a major shift in the local real estate market was underway and the recovery continues to this day. Sometime after the first of the year we will do a complete recap of this year and projections for next so for now let’s just say it has been a very good year. Looking just...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
October Home Sales in Tequesta Fall Another 20%    Our best wishes to all our friends and hope that you enjoyed a fabulous Thanksgiving with your friends, neighbors and family. It is the best time of the year to reflect on all that we have and give thanks for our many blessings. For our Jewish friends in the middle of Hanukkah we wish you a very special holiday.   There are so many factors that have an effect, either direct or non-direct, on the real estate market. The changes are at times lightning fast and like a NFL running back easily cutting in another direction. The industry has been the foundation which the overall economy has relied on over the past 18 months. But as we have reported here the market changed again about three months ago with sales stalling even as we saw invento...
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By Brian Sharkey, SharkeyRE - #SouthFloridaBroker
(SharkeyRE LLC)
  Tequesta Homes For Sale 33469 | Homes For Sale in Tequesta 33469 Search Tequesta Homes for Sale Type:All Types Single Family Condo/Townhouse/Co-Op Rental Properties Price: to Beds:Any 1+ 2+ 3+ 4+ 5+ Baths:Any 1+ 1.5+ 1.75+ 2+ 3+ 4+ 5+       12284 Birkdale RunTequesta, FL 33469 $795,000 3 beds/3 baths Listing courtesy of Keller Williams Realty Jupiter 82 Lighthouse DriveJupiter, FL 33469 $3,200,000 3 beds/2 baths Listing courtesy of JIC Realty, Inc. Short Sale 18965 SE County Line RoadTequesta, FL 33469 $270,000 3 beds/2.1 baths Listing courtesy of Water Pointe Realty Group 11989 SE Intracoastal TerraceTequesta, FL 33469 $2,550,000 4 beds/6.1 baths Listing courtesy of Lost Tree Realty   Short Sale 95 Fairview WJupiter, FL 33469 $329,000 4 beds/21 baths Listing courtesy of Cobblestone ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
  Home Inventory Level in Tequesta up 11% as of November 1st One week until we all hopefully take at least a couple days to spend with family and friends and give thanks for all we have been blessed with. Anyone who has owned real estate in south Florida is probably thankful as their property is in almost all cases worth more this year than it was in 2012.    In our last articles published back on November 10th we reported that absorption rates throughout the north county region had increased again mainly do to sales levels that continued to fall. While we are a few days away from reporting final October sales numbers it is looking like we have had a very nice rebound with sales once again picking up. The number of homes under contract in Tequesta and the surrounding municipalities is d...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
  Absorption Rate in Tequesta Increases by 6.7%   There is no doubt that those of us who practice real estate are drawn by the constantly evolving market that keeps things interesting. Much like a physician we have “charts” that we can read to determine the health of the market. Over the past year these charts have shown for the most part a very healthy market with little reason for concern. Inventory levels shrank month over month while sales strengthened leading to prices rising for the first time in 7 years. Interest rates were at historical lows and all was well but then something happened.   The Fed jumped in and stated publicly they were going to start scaling back on their purchases of our national debt instruments. They had been buying these bonds and treasuries like crazy over ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
  September Home Sales in Tequesta Down 32%    Father Time does keep marching on and it is so hard to believe that Friday we will be into November with Thanksgiving just around the corner. Already we see multitudes of our winter visitors and their cars arriving as the beaches, bars and restaurants are quickly filling up. Welcome back!   The real estate market has gone through changes since our visitors left us in May with limited well priced inventory continuing to be a problem for buyers. Interest rates have pulled back, the unemployment rate is back down to a 5 year low and our leaders in Washington have delayed any substantive talks to deal with our debt issue until after the first of the year. Locally home prices have leveled off as we still see double digit year over year gains but...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
  Home Inventory Level in Tequesta down 4% as of October 1st Almost everywhere one looks we find stabilization in the local real estate markets. The steep declines in inventory levels have abated. Interest rates have dropped and moderated after the Fed announced their decision to continue the current level of quantitative easing. Even the median home price increases have leveled off and while the year over year numbers look great we are not seeing much movement in the month over month numbers.   However, almost everywhere, is not the same as everywhere and some concern should be shown for the significant drop is home sales and corresponding increase in the absorption rate we have seen over the past couple months. While it still appears that the drop is sales is due more to the lack of w...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
  Tequesta Florida September Housing Update has been very active with a 93.7% change in Median Sales Price.  The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source The Realtors® Association of the Palm Beaches. . 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.  
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By Brian Sharkey, SharkeyRE - #SouthFloridaBroker
(SharkeyRE LLC)
Search Tequesta Homes for Sale | Tequesta Real Estate Listings 33469 Search Tequesta Homes for Sale Type:All Types Single Family Condo/Townhouse/Co-Op Rental Properties Price: to Beds:Any 1+ 2+ 3+ 4+ 5+ Baths:Any 1+ 2+ 3+ 4+ 5+   204 E RIVERSIDE DriveJupiter, FL 33469 $1,495,000 5 beds/4 baths Listing courtesy of Water Pointe Realty Group 12022 SE Prestwick TerraceTequesta, FL 33469 $535,000 2 beds/3 baths Listing courtesy of Jupiter Hills Village Realty 12284 Birkdale RunTequesta, FL 33469 $845,000 3 beds/3 baths Listing courtesy of Keller Williams Realty Jupiter 108 Lighthouse DriveJupiter, FL 33469 $1,895,000 4 beds/5 baths Listing courtesy of Illustrated Properties/Jupiter   118 W Norfolk RoadJupiter, FL 33469 $229,900 2 beds/2 baths Listing courtesy of Prudential Florida Realty 12...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Inventory in Tequesta Unchanged as of September 1st Last month at this time we reported how inventory levels in the northern Palm Beach County had stabilized after months in a free fall that has brought us to the lowest level of available properties in over 7 years. While they had dropped it was ever so slight and I could not wait to dig into the numbers to see what has transpired since our last report.   Sales throughout the region remain strong with buyers still acting quickly on the best new well priced opportunities while over priced homes and those in poor condition or with location challenges tend to languish. Investor purchases are down about three percent over the past few months as interest rates have jumped to their highest levels in 70 weeks but have pulled back about 9 ...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
Community Review: North Passage Tequesta Florida North Passage LISTING PHOTOS Click photo to enlarge North Passage North Passage Grounds Price: Upon Request 8893 Se Riverfront Ter Tequesta FL, 33469-1817 View Visual Tour of TequestaView all Listing in North PassageLink to Google™ Map Type:  Town Home 55+: No View:  River, Golf Course, Garden Pets Allowed:   Yes Waterfront:  Yes Dockage Available:  No Gated: Yes Waterfront Type:  River Amenities: Community Pool, Golf Course, Tennis Court, Clubhouse, Fitness Center, Basketball Area Activities: Dining, Shopping, Movies, Theater North Passage town homes were built between 1990 and 1992. The complex offers two and three bedroom floor plans from 1522 to 1733 square feet, plus one and two garages, with 250 units in the subdivision. Town homes ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Inventory in Tequesta Hits New Record Low With Palm Beach County schools starting up again next week it is still a little early to say that summer is over but we are getting close. No doubt it has been an interesting summer on the front lines of the local real estate market and the recovery continues to change on a daily basis. If you are a buyer shrinking inventory levels have made your task of finding a new home more difficult. While we have seen dramatic reductions over the past few months the free fall seems to have cooled with very slight reductions in inventory reported for the period ending August 1st.   If you are a seller, in most neighborhoods and market segments, you are in control and pricing a bit higher than the most recent sales is a prudent marketing strategy. Sales...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption rate in Tequesta Jumps 21%   It has been 13 days since we reported the latest real estate sales numbers in the northern Palm Beach County region and we are starting to see shrinking inventory affect sales. With 60% of our reporting municipalities showing slower sales and pending sales down across the board we have to ask ourselves is the market changing?    Are slowing sales only due to lack of well priced inventory for buyers to choose from or is demand weakening a bit; a little too early to tell. But there is certainly not a lack of news that will have serious effects on the strength of the market moving forward. Interest rates have seemed to steady a bit off of their recent highs but the hint of the Fed starting to slow their monthly purchases of our debt has Wall Street n...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
May Home Sales in Tequesta Drop by 26%   Single family home sales were all over the board in the north county region with towns like Jupiter having another record sales month while in the neighboring village of Tequesta sales dropped significantly for the second straight month to the lowest levels we have seen in four months. No doubt the limited inventory of well priced homes is affecting sales volume but overall it was another strong month in the local real estate market.   New home sales have been brisk and we must keep in mind that many sales in new home communities do not show up in our Multiple Listing Service. Take a trip to communities like DiVosta’s Windsor Park or Lennar’s Rialto and you will find very limited inventory of available lots and long built times. As demand from bu...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Home Inventory in Tequesta Rises Ever so Slightly Buyers throughout Palm Beach and Martin Counties continue to be frustrated with the lack of selection while out shopping for new homes. And options in most new home communities are not any better with limited lot availability and build times in some communities exceeding 12 months. Many sellers are opting to price their properties “ahead of the market” and we are seeing more and more price reductions as many of these sellers are not getting bites at the higher listing prices.   So much talk is surrounding interest rates and how they will affect the real estate market which everyone acknowledges has been the driving force behind the overall economic recovery in America. As inventory continues to shrink and prices continue to rise homeowne...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
Listing: Lighthouse Cove Lighthouse Cove LISTING PHOTOS Click photo to enlarge $110,000, 1 Bedroom Fitness Center Close to Beach and Shopping Cathedral Ceilings Great Complex Floor Plan Heated Pool Tennis Courts Price: $110,000 284 Village Blvd 9309 Tequesta FL, 33469 Read Our Review of this CommunityLink to Google™ Map Listing Agent: Donald L. Urschalitz P.A. Type:  Condominium 55+: No Bedrooms:  1 Pets Allowed:   Yes Bathrooms:  1 Dockage Available:    Stories:  1 View:    Square Feet:  867 Waterfront:    Gated: No Waterfront Type:    Amenities: Community Pool, Tennis Court, Cabana, Clubhouse, Fitness Center, Raquetball, Tot-Lot, Vollyball, Jogging, Billiards Area Activities: Dining, Shopping, Movies, Theater This 1 Bedroom condo features cathedral ceilings in a community that include...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption rate in Tequesta down to 7.15 months It has been another month since we updated our readers on the latest real estate absorption rates in the northern county region. Median prices for single family homes in Palm Beach County are up almost 30% compared to year ago numbers, sales are up almost 15% during that period and inventory is down almost 45%. Pending sales, those homes that are under contract, continue to climb and absorption rates continue to decline. It seems like nothing can stop this locomotive train as the real estate market continues it’s amazing turn-around.   Interest rates are the most obvious choice when looking for a sign that could reverse the trend that seems so firmly in place. Last week marked the ninth straight week of increases taking the average overnig...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
With inventory shrinking prices are rising and the Tequesta market is reflective of the Palm beach County marketplace.   The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source The Realtors® Association of the Palm Beaches. . 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,
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