Home Sales in Tequesta Area Up to 5 Month Highs

More good news for an already flowering market

As spring arrives the real estate market in the northern Palm Beach County is coming into full bloom. Never has a market looked so healthy. Just look at the news we have brought you over the past 9 days; pending home sales hit 9 month highs, home inventory levels fall for the 1st time in 8 months, and then yesterday we report that the median price on single family homes is rising at historic levels to new 7 year highs.

Home Sales

As we discussed in yesterday’s article, we need to see strength in sales volume to keep this train speeding down the tracks. With pending home sales up for 3 straight month we knew higher sales were coming and that is just what we got. As of this morning, sales of single family homes for the month ending April 1st were up a very strong 10% from the numbers we reported for the month ending on March 1st.

This is the second straight month of increasing numbers and the first time we have been able to say that since July 1st of last year. But we must see these number grow from here or this train will hit reverse in a big hurry and the party may be over. While this months sales numbers are the highest we have seen since November 1st we are still 15% below year ago numbers and 8% below the 12 month average. We really need improvement from these levels.

Thankfully mortgage rates have pulled back so far this week after hitting new 12 month highs last week. Investor activity has been a huge boost to this recovery but signs are showing those sales are softening considerably. Our winter visitors are already heading back and we hope that before they all leave they close a few more transactions. What we really need is another 5 or 6 months of sales above today’s level or the price increases we have been enjoying may be over. 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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