Tom Priester's Blog

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Real Estate Broker/Owner - Paradise Sharks - BK3087579
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...
 Big drops not good for consumer confidence There I was today driving back to Jupiter from an early morning showing in Palm Beach and the phone rang. There was a voice of terror on the other line “the Dow is down over 500 points at the open”. Not great news and I did not get much further up the r...
7th straight monthly decline Buyers who are actively looking for a Jupiter home to buy are feeling it. Anybody in the Northern Palm Beaches who is following the real estate market is feeling it. There just isn’t much out there to get excited about except higher prices. This certainly isn’t a mark...
After 5 straight up months a little consolidation is welcomed We have been telling anyone looking for a home here in the Northern Palm Beaches that your best opportunities will be between now and November. Today’s numbers prove that point. Once our winter visitors start filling our beaches, resta...
August 1st numbers 12.3% higher than last year This summer Paradise Sharks decided to run our “Summers Saving Splash” where we give each of our buyer client’s a cash rebate at closing equal to 15% of the commission we received on their transaction. It’s really just a sign of gratitude for doing b...
July is shaping up to be one of the best value months ever in real estate Paradise Sharks was born back on February 10th of last year. Our stated passion and the reason for creating this boutique real estate brokerage is, and was, to raise the quality and value of real estate services available t...
 Sales numbers fall for 3rd straight month We knew the real estate market here in the Northern Palm Beaches was going to be interesting this summer. It turns out that median condo prices in the area are fighting. They are fighting inventory levels that continue to drop. In their corner are sales....
 Jupiter area pending home sales drop for the 3rd straight month We have been telling you demand would soften over the summer and that is no surprise. As of July 15th, pending home sales dropped for the 3rd straight month. Down about 2% over the past 15 days, down about 8% over the past 30 days a...
 Median single family home price increases for the 5th straight month With Shark Week kicking off there are so many things we are looking forward to. But no doubt doing our monthly update of the median sales price for a single family home in Palm Beach Gardens and the neighboring communities is a...

Tom Priester

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