Home Inventory Continues to Slide & You Want a Deal?


Northern Palm Beach County Inventory Falls for 4th Straight Month

Being a buyer in the Jupiter area is not an easy task these days. Those lucky buyers who end up with a “deal” are almost always well prepared and ready to roll quickly when the right opportunity hits. If they do not act somebody else will. It remains a market where the best “deals” will have multiple offers in a day or two, if not hours.

Inventory

As of July 1st, inventory levels in the Jupiter area have dropped for the 4th straight month. We are now at the lowest levels we have seen since November of last year. About the only good inventory news in the buyers column is the fact we still sit about 12.5% higher than we did a year ago. But with numbers sliding each month we may get back there sooner than many realize. Unless a flood of sellers unexpectedly come to the market we feel strongly that we will be pushing towards new lows during next years “season”.

Buyers and sellers, need to be well informed and understand that each home is completely different when it comes to the metrics surrounding each property. This week we have recommended to a selling client to hold off listing their property for a couple months because of high inventory in their neighborhood and a competing property that will hurt their efforts. On the same day we are working with a buyer that a full priced cash offer with no contingencies and a 14 day closing isn’t good enough to snag a home in the luxury market. Just around the corner sits a home that is a “steal” because of economic obsolescence created by a mansard roof.

There are “deals” if you are looking in the right places and that is the key in today’s south Florida real estate market. We have an amazing home in Martin County that is a “deal” because of high association fees that may soon be resolved. We have a beach bungalow in Palm Beach County that is ready to be snagged because of inventory issues in the immediate area. We have a Palm Beach Gardens condominium that is a “deal” for an owner occupant because of leasing restrictions and other issues. The opportunities are still out there but we strongly feel that they will be fewer and further between once the 2014-2105 season kicks into gear.

Our little “secret” is out and the north county region is getting more and more popular. Last night I counted over 20 people waiting in line at the Food Shack on a Wednesday night in summer. Wait until February! If you are looking for the right agent to professionally assist you with any of your real estate needs throughout Palm Beach and Martin County please consider calling the Paradise Sharks at 561 308-0175 for a complimentary consultation. As we tell each of our clients; you can always pay more and receive less but that just would not make any sense. Would it?

Fins up…….

Tom Priester
Principal Broker

Paradise Sharks Real Estate
561.308.0175
tom@paradisesharks.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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