Jupiter area single family home prices pull back as of May 1st

The median sales price of a single family home in the Northern Palm Beaches continues on a see-saw pattern for the 4th straight month. The trend still remains in the favor of higher prices but no doubt this consolidation pattern bears watching; closely. Paradise Sharks sees signs that next month at this time we might be telling you that for the first time in a long time median prices will have dropped over the previous 12 month period.

SF PRICES

Over the past 30 days the median price of that Jupiter area single family home has pulled back about 3.2% and now stands at $420,000. When compared to year ago numbers we are only up slightly by 3.7% which is pretty much an average historical gain.

We are heading into a very interesting summer when anything can happen. The craziest Presidential campaign in history continues, interest rates are still low and should remain there, new construction prices are high with land scarce and demand for living in paradise still strong. Higher rents are keeping landlords happy but making it difficult for first time home buyers to save enough to buy at today’s prices. Home ownership levels on a national level have dropped to the 3rd lowest ever recorded. We are seeing weakness in certain rental properties which also bears watching; closely.

Condominium prices still look to be stronger than the single family market and while we are still weeks away from reporting those prices we expect them to be up for the 5th straight month. Whether you are buying or selling, single family home or condominium, you must understand that each property plays by it’s own set of rules. You must understand the metrics surrounding each home in you are going to make an educated decision. Paradise Sharks knows the numbers and if we can ever help you make a well informed decision please feel free to contact us anytime at 561.308.0175 or info@paradisesharks.com

Fins up…..

 

 

#medianjupiterhomeprices

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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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