Hobe Sound Inventory Levels Drop for the 1st Time in 4 Months

Welcome to the New Year of 2011. It should be an another amazing year for the local real estate markets and we look forward to bringing you the latest market statistics. Following the inventory levels is extremely important as it is the “supply” end of the equation that tells us where prices may be heading. As the supply of homes decreases and demand stays even we will see pricing increases. Tune in next week to see where prices have gone over the past year and you might be surprised.

The Hobe Sound Net Inventory Index decreased during December for the first time in four months, which is a most welcomed sign after the significant inventory increases we have seen since September 1st. The net inventory of real estate currently for sale on our local Multiple Listing Service (MLS) in Hobe Sound has ranged, over the past 12 months, from a low of 434 units on May 1, 2010 up to 514 units where we sat just 31 days ago. Net inventory now stands at 495, down 19 units from the December 1st level. Net inventory is defined as all of the property actively being marketed that does not have a contract outstanding either as a contingent or pending listing.
A decrease in inventory is typically negative news for buyer’s as it means fewer choices for those working with a professional Realtor in today’s market. With prices that have stabilized and still plenty of inventory it is a great time to be shopping for your new Hobe Sound home.
We take great pride here at “Results Driven Real Estate” in providing our clients the very highest level of service available in the industry. If we can be of assistance in any way with questions you may have about your real estate goals please feel free to contact me at your convenience for a complimentary consultation.

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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