Northern Palm Beaches single family home values up again

Second straight monthly increase after 4 consecutive down months

If nothing else, the real estate market here in the Northern Palm Beaches keeps one on their toes. We still have a few days before we call 2015 a done deal and set our sights on the new year. Pending home sales have been poor at best and median prices of condos in and around the Jupiter/Palm Beach Gardens area have not risen since June.

SF Home Prices

But prices of single family homes have started to spike and we see much sharper increases coming your way. Prices over the past 30 days for median single family home prices in the region are up another 1.5% making the two month climb over 4%. What’s interesting is this upward pressure is being created with much slower sales. November sales of single family homes in the area were the slowest we have seen in years. They were down over 30% from the previous month and lagged year ago numbers by 13%. We still have a few days left in December but sales are no better than they were last month.

So prices are heading higher on much slower sales. Interesting, and this is going to be an interesting season. After touching $431,000 back in July single family home prices retreated back to $395,000. After this two month run we are back up to $411,000. From the strength in pricing we have been seeing lately look for a big jump next month when we publish our monthly single family pricing update. In fact, from my chair it looks like we will have a huge jump and take out the $431,000 high. Time will tell.

 

Fins up…..

 

 

 

#jupiterhomeprices

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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?

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