Jupiter Pending Home Sales Stabilize in September

Jupiter Tops 1st Pending Home Sales “Power Rankings”


The local real estate market continues to chug on down the road towards another season and we can count the weeks on our hands when our northern friends start pulling into town. Sales have flattened, inventories continue to shrink, interest rates are at all-time record lows and today it is once again time to dig into the pending home sales date for the north county region.

Pending sales are the most accurate predictor of what transactions we can reasonably expect to close escrow in the coming 30 to 60 days. Each month we track 5 different municipalities and bring those numbers to you to keep you in touch with where the market is heading as this affects everyone who is, or contemplating, either selling or buying property.

A couple weeks back we came out with out very first “power rankings” for local sales and we are happy to start our own “power rankings” for pending sales as it will give us all a good picture of where we are seeing the most strength. So here for our first every pending sales “power rankings” for September;

#1 Jupiter – Down less than 1%
#2 Palm Beach Gardens – Down 2%
#3 Tequesta – Down 9%
#4 Hobe Sound – Down 14%
#5 Juno Beach – Down 44%

The bad news is each of these municipalities show a decrease in pending sales compared to last months numbers but while some remained very steady we started with this months #5 performer, Juno Beach and after that 44% drop things got much better. We move now to the #1 finisher in Jupiter where pending listings stand at 117 down one from last months level of 118 for a minor drop of less than 1%. This however does mark the 4th street decline and brings us to the lowest level we have seen since January. With this months drop we remain fairly close to the average we have seen for the previous 12 month period which sits at 119 per month. We are far above where we were at this time last year when we only had 89 pending sales. The next couple months are going to tell us a lot about where this market heads as we head closer to the season so keep tuned in and we will bring you the latest.

As always, my goal when working with each of my clients, is to fully understand their unique, individual needs and design a program that will successfully ensure their goals are met. “Results Driven Real Estate” is a promise of the highest level of service in the industry and if you would like a complimentary consultation to discuss your particular situation in more detail please feel free to contact Tom at 561 308-1075 or via e-mail at tom@tompriester.com. We would be honored to be of assistance in any way that we can.
 

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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