Jupiter Pending Home Sales Soar

We told you this season was going to be BIG

Month after month, we have watched pending home sales in Jupiter and the surrounding communities move lower and lower and lower. For nine long months, since April 15th of last year, it had been almost a straight down spiral. Down over 32% during that span. We knew that the lack of quality of inventory was an issue but we certainly had to start asking ourselves if demand was more of an issue that we thought.

Pending Home Sales

Turns out that it was, as over the last 30 days demand is back. Home buyers are back. In a big, big way. We have been screaming from the roof tops this season was going to be big, Really, really big. It’s here and it is big. The last 30 days shows we were right. What a historic move, as pending home sales in the Northern Palm beaches soared over 40%. In one month. WOW! We have never seen an increase like this in the time we have been keeping records and that my friends is a long, long time. Up to the highest levels we have seen since May 15th of last year. Up almost 23% in just 2 weeks. Up over 15% from year ago numbers. Up 13% from the moving 12 month average. Incredible numbers and once again we are telling you this season is going to be big. Really, really big.

Inventory didn’t change much, in fact our next market report will show a decline in available homes. Just six days ago we reported how single family home prices in the area has declined but told you we were turning the corner and that higher prices were coming your way. It’s still about 24 days before we bring you the next report on single family home prices in the Jupiter area but mark my word they are going to be higher. This season is going to be big. Really, really big.

Fins up…..

Tom Priester
Principal Broker

Paradise Sharks Real Estate
tom@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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