More Good News for the Palm Beach Gardens Real Estate Market


Decline in inventory levels continue

Everything is looking mighty fine when it come to the real estate market in Palm Beach Gardens and the surrounding area. Sales up, single family home prices way up, pending home sales continuing to surge and now we see inventory levels making their first meaningful mid month drop since July of last year.

Inventory

No doubt we were a bit skeptical last month when we showed our first decline in 7 months. After all the drop was only one unit. Not too much to shout about. Then our first of the month report showed a meaningful decline and those numbers held over the past two weeks. The total inventory as of April 15th in the northern Palm Beach County region dropped a meaningful 6% over where we were a month ago.

As anyone who has been shopping for a home over the past 5 months can tell you; a good home in good condition at a good price is very difficult to find. There were homes that were priced a bit high that were in good condition. There were homes at a good price but in poor condition. But finding the home where everything was looking good was a tough ticket and when they do hit the market they are gone in a blink of an eye. Buyers finally came to the realization they had to make stronger offers. And they have, driving prices for median single family homes in the area to record pricing increases.

Interest rates are still helping and if we see inventory levels continue to shrink look for prices to go higher. At least for the short term. 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

Advertisements

Published by

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?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s