Palm Beach Gardens Area Home Inventory Levels Fall Further


3rd Straight Monthly Drop Means Fewer Options for Buyers

No doubt about it the northern Palm Beach County real estate market has had a good year so far. Not as good as last year from a volume perspective but prices are back up to new 5 year highs and look strong. One important aspect to the price and sales equations is home inventory. In traditional times less inventory meant higher prices. The effect on sales can be dramatic as well as without the ability of finding the right home buyers may not be able to act.

Inventory

As you know we track these numbers very closely and bring you updates twice each month. But remember that the overall area statistics may not be the same in your neighborhood so if you are buying or selling make sure you dig deeper into the numbers surrounding and particular home. If you need any help just call Paradise Sharks.

As of June 1st, home inventory levels in the Palm Beach Gardens area dropped for the 3rd straight month. Down a little over 2% to the lowest levels we have seen since our November 15th report. We remain about 7% above inventory levels on June 1st of 2013 and about 2% above the average we have experienced over the past 12 months.

So a little bittersweet as less inventory can push prices higher but it also can restrict sales. We need to see sales remain steady over the summer to keep this party going. Tune in tomorrow to see where sales have traveled over the past month. 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