Steady Sailing in February for North Palm Beach Single Family Home Sales


North Palm Beach Single Family Home Sales Remain Steady

February single family home sales in North Palm Beach were respectable in number with a slight drop from January levels. During February our local MLS system shows a total of 6 successful closings as of this mornings’ update. That compares with 7 sales in January and the lowest monthly numbers since November of last year.

While sales last month were steady they were heavily positioned in the less than $150,000 price category where we saw 50% of all sales during the month. With no sales above the $750,000 price point we need to see an uptick here in the coming months to start chipping away at some of those higher inventory levels. The chart below shows the percentage of sales by price category for the month of February.

With half of all sales below $150,000 and none above $525,000 one would expect a collapse in the monthly median sales price. In fact, the median price of a North Palm Beach single family home fell to $245,000 in February from $500,000 in January and the lowest monthly total since November of last year. 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 North Palm Beach 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

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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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