Jupiter Area Home Inventory Drops for the 1st Time in 8 Months


5.5% drop another sign of local real estate market strengthening

Yesterday we were pleased to bring you the news that pending home sales in the northern Palm County Region soared 15% over the last 30 days. That news brought us to a new 9 month high and now today we get the opportunity to check in with our first of the month report on home inventory levels.

Inventory

And what a report it is. Keep in mind that it has been since August 1st of last year that we could say “home inventory level drops”. Yes, that is true we have had inventory climbing in the region for an amazing 7 month stretch. Until today. And it just was not just a few units lower in was a very strong 5.5% drop from the values we reported back on March 1st.

Why this is significant is it comes at a time when the market seems to be hitting on all cylinders. Remember it was just a few weeks ago that we reported in this column that median single family home prices in the area were up again for the 4th straight month. And we are talking an increase during that period from $335,000 all the way up to $365,000. In 4 months people that is an amazing performance.

And if we see inventory starting to wane we can easily see these price appreciations continue. With a 9% jump in a 4 month period with rising inventory levels if demand stays constant and inventory shrinks; watch out! 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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