Tequesta Home Sales Slow During November

It is so hard for me to believe that another year has almost rolled right on by. The next time I update our sales figures we will have already celebrated the New Year and 2011 will be well underway. A lot has transpired since my last report and probably the most important factor affecting the real estate markets, both locally and nationally, is the sharp upturn in interest rates we have experienced over the past 4 weeks. During November single family home sales in Tequesta were similar to some neighboring communities with slower sales and lower median prices. During November our local MLS system shows a total of 9 successful closings as of this mornings update. That compares with 11 sales in October and the lowest monthly total since May when we had 8 sales. Last year we had 13 sales during the month of November. The chart below shows the number of single family homes closed in the community by month for the calendar year.

Sales last month were not only slow but they were also low with 8 of the 9 sales priced $405,000 or lower. About the only good news was the sale of a luxury home at 18375 SE Federal Highway for $1,070,000. The chart below shows the percentage of sales by price category for the month of November.

With the majority of sales prices at lower prices as expected we saw a huge decline in the monthly median home sales price. The median price decreased significantly to $306,500 which is the 4th lowest level we have seen during the 2010 calendar year. Once again, the “season” should bring more sales of the higher priced product and no doubt we will see nice increases in the level in median sales prices over the coming months. The chart below shows median prices through the first eleven months of 2010.

A professional real estate agent watches these market trends very closely as the data is very important to our clients, whether they are buying or selling, to paint a picture of where the market may be heading. If you would like any additional information on a specific home, neighborhood, or community please feel free to contact me. I am easily reached at 561 308-0175 or via e-mail at tom@tompriester.com and would be happy to be of assistance. After just one call you will know why “Results Driven Real Estate” is your top choice for professional real estate services in Tequesta and the surrounding areas.

Always at Your Service,

Tom Priester   e-PRO

”Results Driven Real Estate”

Keller Williams Realty

561 308-0175




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Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

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