North Palm Beach Home Inventory Levels Fall for the 4th Straight Month

Buyers choices limited in today’s market

We have to go back 7 long months, all the way back to November 15th, to find a time when home buyers had fewer opportunities in the North Palm Beach area. As of June 15th, we have had our 4th straight monthly reduction in local home inventory and while it wasn’t a huge drop it was still a drop.


As we have discussed, this summer is a critical point for the direction our local real estate market will take over the next year. We need sales to show strength over the next 5 months when compared to 2013 numbers. We need prices to at least hold their own. We need this to keep the great real estate correction on the right track. And buyers need choices to make that happen.

Keep in mind that today’s inventory level in the northern Palm Beach County region is still about 11% higher than it was last year at this time. The quality and location of that inventory is what is important. I can show you one neighborhood where this morning over 20% of all homes are for sale and nothing has closed in the community since October of last year. I can travel a very short distance to another neighborhood where there is nothing on the market and ready, willing and able buyers are lined up waiting to pounce on the next good opportunity. Real estate is very local and each house is different.

Buyers need the right inventory over the next few months to keep this market moving in a positive direction. We need quality, well priced inventory to keep prices moving to new highs. Last year the institutional investors did more than their fair share to push local housing prices higher. Now it is time to see if we can do it without them. If you are even considering the sale of your home please feel free to give Paradise Sharks a call for a complimentary consultation. We are confident we can sell your home for the most money, with the best marketing, in the shortest amount of time, for more value than any other broker in the local market. If you want to test the waters there has never been a better time. It is indeed going to be a very interesting summer.

Fins up…………

Tom Priester
Principal Broker

Paradise Sharks Real Estate


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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… 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 You can always pay more and receive less but that just would not make any sense. Would it?

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