February Single Family Home Sales in Tequesta were AWESOME!


February Tequesta Single Family Home Sales Jump to Highest Level in 8 Months


Tequesta continues to show amazing strength with shrinking inventories, higher pending home sales and now in February we can report outstanding sales figures; single family home sales were at the highest level we have seen in 8 months. During February our local MLS system shows a total of 12 successful closings as of this mornings’ update. That compares with 5 sales in January and the third highest total we have experienced in 12 months.






12 sales is certainly fantastic news but breaking down those sales is a bit dissappointing as 67% of those sales were between $150,000 and $300,000 and only 2 of February’s sales were above $500,000. As I reported last month, I fully expected higher sales figures in Tequesta but I was hopeful of additional sales in the luxury market which maybe we will see in March and April. We still have large inventories of higher priced homes, however well priced homes continue to sell quickly while some sellers end up making large concessions during negotiations. Last month a Bay Harbour home with 3,495 livable square feet was listed at $559,000 and sold in 30 days for over 98% of its list price. The chart below shows the percentage of sales by price category for the month of February.






With the bulk of last months sales below the $300,000 we should expect a pullback in the median monthly sales price. And boy we did get one as the monthly median sales price slipped to $245,000 from $346,000 in January and the lowest monthly total we have seen since April of last year. Again, with our northern friends in town I see better days ahead in this Tequesta category as well. The chart below shows median prices over the preceding 12 month period.







I watch 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 with any of your real estate questions. 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

tom@tompriester.com

Advertisements

Published by

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?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s