Single Family Home Prices Continue to Climb in Palm Beach County

4th Straight Month of Solid Increases Now in the Books

If you are walking down any beach in the northern Palm Beach County region and see somebody strolling on the sand with a huge smile on their face it may just be a Realtor®. Heck it may just be me! That is because the real estate market is hot, hot, hot. Inventory levels continue to climb and buyers are loving the increased supply and writing contracts. Pending home sales have been up for two straight months and prices have been outshining every other metric.

Home Prices

As of March 1st, the median sales price of a single family home shot up again for the fourth straight month. The month over month increase was about 1.4% and over the past 120 days we are up right about 9%. If that pace continues we would be looking at 27% year over year increases. But do not count on numbers quite that strong. Remember it was only back in November in this same article that we were reporting 5 monthly pricing declines over the previous 6 month period.

Our northern visitors are buying homes. A brutal winter up north helps. Interest rates that continue to fall help. More selection for buyers help. Most housing reports on a national level show suggest that the market is slowing. The national reporting groups are not as nimble as Paradise Sharks Real Estate group and we often see their data lagging reality. Reality is what we report in this column on a weekly basis so stay tuned. Slowing is not an adjective to describe what is going on around here. Not now.

Real estate fever is back in south Florida and how long will the fever will remain in the salty air is to be dertermined. Always interesting, always fun.

Fins up………..

Tom Priester
Principal Broker

Paradise Sharks Real Estate
Direct Line 561 308-0175
tom@tompriester.com

http://www.paradisesharks.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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