Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks - BK3087579
List price exceeds 12 month record sales price by $240,000If you read our weekly market updates you know the current real estate market is interesting with some segments performing better than others. Median prices for single family homes have finally started to stabilize and have signaled they m...
Market poised for boost from seasonal visitors The last time we saw the median condo price increase in the Jupiter/Palm Beach Gardens area was way back in June. Sales have actually been quite strong when compared to the single family market but well priced inventory in good shape is hard to find....
Are there brighter days ahead I have come to trust the numbers when it comes to real estate because they tell a story. They told me a story in 2005 when I told anyone who would listen to sell. They told me a story in 2011 when I told anyone who would listen to buy. I hate the fact that homes have...
 Median home price dips below $400,000 for the 1st time since April  Over the past 30 days the median single family home price in the Jupiter area has dipped 1.25% which isn’t a huge drop. But added to the 3 other straight declines we have seen since July 1st, prices have fallen back a total of 8...
Jupiter area pending home sales drop for the 7th straight month  The real estate market here in the Northern Palm Beaches needs a jolt of energy. Pending home sales continue to decline and the median sales prices of both single family homes and condominiums have been moving lower. We expected slo...
Lowest mid-month levels since way back in January  Sure, some of it is seasonal. Some can be blamed on questionable inventory. But there is no doubt sales of resale homes in Jupiter and the surrounding areas continue to drop. Down 3.2% from one month ago and down over 30% from where we stood back...
Pending home sales pull back for 5th straight month  Summer isn’t over in south Florida. Here the high temperatures and high humidity stay around longer than many parts of the country and I always use the autumnal equinox as my “official” end of summer. This year that happens in Jupiter at 4:21 A...
 Premier waterfront Jupiter location is hard to beat    Anybody who has been watching the Jupiter real estate market knows 2015 has been remarkable. The best properties, in the best locations, tend to sell quickly, at premium prices. The location of The Pointe building does not get any better. Di...
7th straight monthly drop means buyers must be prepared OK I admit it. Last week when the Dow Jones Industrials were down over 1,100 points a few short minutes after the market opened my thoughts raced to 2008. If anyone tells you the stock market and the real estate market are not related in any...
Median sales price unchanged for 2nd straight month Condo prices tend to be much more volatile than single family homes, but for the last 90 days the median sales prices of condos here in the Northern Palm Beaches have just been hanging out. Hanging out at 7 year highs and seemingly waiting for s...

Tom Priester

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