Palm Beach Gardens Home Inventory Finally Levels Off

It’s been a long 6 months

Finally. Since August of last year home inventory levels in Palm Beach Gardens and the entire north county region have been climbing. Each month. Every month. They kept growing, and growing and growing and growing. Today’s news that the growth has paused is welcoming. No huge decline, in fact only one unit less than we had a month ago. But still a leveling off near the highest levels we have seen in well over a year.

Inventory

Inventory is really supply and as it grows pricing pressure tends to be to the downside. But as we keep telling you this is not your grandfather’s housing market. This time, at least over the past four months, prices have been rising as inventory levels grow. Most of this is because buyers who have been frustrated with the lack of quality inventory are rejoicing. With 30% more properties on the market than there were back in August they have been buying and willing to pay higher prices.

The spring and early summer months typically bring higher sales in the region and we expect that trend to be even stronger this year. Our “season” keeps getting bigger and bigger and stretches out longer and longer. No longer do we we count on getting our town back after Easter and after the winter our northern neighbors had to endure who can blame them. Each snowstorm, each day the temperature dips below 0 and you know where their minds tend to drift. Sunny days, sandy days, salty nights. They are dreaming of paradise where we are so lucky to live. Will those dreams be filled with today’s high inventory levels before this winters snow finally melts. Time will tell. 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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