Tequesta Pending Home Sales Inch Higher


Numbers climb for 4th straight month but just barely

It may be a little early to say things have officially started to cool in what has been a very hot real estate market here in the north Palm Beach County region. After all, reporting a fourth consecutive month of increases in pending sales numbers is hardly bad news. But it certainly tells me to start watching what is going on very carefully as things could be changing and not for the better.

Pending

We have brought you nothing but really good news for quite a while now with everything turning up roses. Yes, pending home sales increased again but they were up a whopping .0049%. After two months where we saw increases of 10% and 15% this is not good news. Not when we still sit 15% below year ago numbers.

No need for alarm but if you are either buying or selling a home in this market you need to thoroughly understand the metrics surrounding that particular piece of property. Not the national market numbers, not the Florida market numbers, not the Palm Beach County numbers, not your town’s numbers. You must understand the numbers in your immediate neighborhood to make a fully educated and knowledgeable decision.

The 2013-2104 season is for all intents and purposes over, major players in the investment market are dramatically slowing their purchases, and despite the Fed’s announcement of their 4th reduction in purchases of government debt since January interest rates are still down. Things can change in a split second and you have to watch these signs closely. Is the party over? Not at this point but you if you are interested you might take note as this report could be a sign that the birthday girl is inhaling and getting ready to blow out the candles. 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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