Jupiter Area Home Prices Rising at Record Levels

Fifth straight month of solid pricing increases

The price increases we have been seeing for the median sales price of single family homes in the northern Palm Beach County region over the past 5 months have been amazing. In fact, they have been record setting amazing. In that short period the price of a median single family home has increased from $335,0000 up to $379,000 for a gain of over 13%.

Median

If you annualized the gains we have seen over this period you arrive at a 12 month increase of 31% which is higher than we have ever experienced in any one year in this region. In the 30 days since we last brought you this monthly column prices have moved from $364,000 to $379,000. A $15,000 gain in a month are you kidding me? The last time we saw median prices higher than we are seeing today was way back in 2007. But can we keep up at this torrid pace?

The key is really going to be future demand and sales volume. While we have seen these picking up lately, over all these metrics have been lackluster for quite a while. We have finally seen pending home sales improve over the past three months and we need those numbers to continue and gather steam if the market strength we have seen over the past few months is to continue. But for now enjoy the ride as we are seeing prices rise at historic levels. 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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