palm beach gardens home inventory: Another big drop in Palm Beach Gardens home inventory - 08/31/15 09:32 PM
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 way, they are. And in an area like the Northern Palm Beaches it is a big, significant way. A huge portion of the homes and condominiums here in the Palm Beach Gardens area are second homes, third homes, investment properties. Consumer confidence is closely tied to the … (0 comments)

palm beach gardens home inventory: Palm Beach Gardens Home Inventory Up Again to 8 Month Highs - 02/04/15 10:35 PM
Buyers reacting to more house purchase options
With pending home sales jumping 15% in January we now add a 4% jump in home inventory in Palm Beach Gardens and the surrounding communities. Good news that the market needs if we are to see prices move higher over the next few months. 
While local home buyers have more options than they did a month ago, home inventory levels in the Northern Palm Beaches still lag year ago numbers by almost 10%.  After the months of straight decline we are starting to pull even with the 12 month moving average so … (1 comments)

palm beach gardens home inventory: Palm Beach Gardens Area Home Inventory Levels Fall Further - 05/31/14 10:36 PM

3rd Straight Monthly Drop Means Fewer Options for BuyersNo doubt about it the northern Palm Beach County real estate market has had a good year so far. Not as good as last year from a volume perspective but prices are back up to new 5 year highs and look strong. One important aspect to the price and sales equations is home inventory. In traditional times less inventory meant higher prices. The effect on sales can be dramatic as well as without the ability of finding the right home buyers may not be able to act.As you know we track these numbers … (0 comments)

palm beach gardens home inventory: More Good News for the Palm Beach Gardens Real Estate Market - 04/15/14 07:51 PM

Decline in inventory levels continueEverything is looking mighty fine when it come to the real estate market in Palm Beach Gardens and the surrounding area. Sales up, single family home prices way up, pending home sales continuing to surge and now we see inventory levels making their first meaningful mid month drop since July of last year.No doubt we were a bit skeptical last month when we showed our first decline in 7 months. After all the drop was only one unit. Not too much to shout about. Then our first of the month report showed a meaningful decline and those … (1 comments)

palm beach gardens home inventory: Palm Beach Gardens Home Inventory Finally Levels Off - 03/15/14 07:26 PM
It's been a long 6 monthsFinally. Since August of last year home inventory levels in Palm Beach Gardens and the entire north county region have been climbing. Each month. Every month. They kept growing, and growing and growing and growing. Today's news that the growth has paused is welcoming. No huge decline, in fact only one unit less than we had a month ago. But still a leveling off near the highest levels we have seen in well over a year.Inventory is really supply and as it grows pricing pressure tends to be to the downside. But as we keep … (1 comments)

palm beach gardens home inventory: Home Inventory Levels in Palm Beach Gardens Climb Even Higher - 03/01/14 06:50 PM
Buyers Again Have More OptionsYesterday we published the latest pending home sales data in the north county region. For the second month in the row we are seeing positive signs the local real estate market is improving. One has to question if the slow down we experienced over the previous 8 or 9 month period had more to do with supply than demand. And more importantly the price level of that supply.There is no doubt that sellers have been asking higher prices and getting them to some extent. The median prices on single family homes has been up for three straight … (1 comments)

palm beach gardens home inventory: Palm Beach Gardens Home Inventory Increases for 1st Time in 7 Months - 10/07/12 06:00 PM
Palm Beach Gardens Home Inventory Increases 1% in September
As we continue to see struggles in the overall economy, real estate sales have remained strong with inventory remaining the #1 concern among buyers hoping to find the perfect home now that prices have finally started to move higher. The lack of quality, well priced homes is more than just talk, it is a real problem for local Realtors® trying to assist their clients in today’s market. Many economists are afraid the strength in the real estate sector is not spreading to other segments of the economy. With only 29 days left … (0 comments)

palm beach gardens home inventory: Palm Beach Gardens Home Inventory Hits New Multi-Year Low - 05/08/12 05:05 PM
Palm Beach Gardens Inventory Level Down 5% Last Month
April passed quickly by and brought with it increased activity from the investor market and their surging demand for lower priced opportunities. Ever so slowly the change from a bear market to a bull market continues to show momentum in South Florida. Investors are making up about 1/3 of the current market and their appetite continues to grow with prices being driven much higher in many investment grade communities. Almost 100% of these transactions are cash deals and end up with multiple offers being presented within a day or two of the … (0 comments)

palm beach gardens home inventory: Housing Inventory in Palm Beach Gardens Hits Multi-Year Low - 04/03/12 05:14 PM
Palm Beach Gardens Inventory Levels Decline 4% in MarchAnother month has passed and many of our northern visitors have packed their bags and headed north for the summer. The local real estate markets continue to show marked improvement with the number of contracts executed to purchase homes remaining strong. Investors continue to drive the bottom end of the market and their numbers seem to multiply on a daily basis. Anyone who works with investors will attest how aggressive their clients need to be to successfully land one of the foreclosures that continue to hit the market.
Other segments remain red hot … (0 comments)

palm beach gardens home inventory: Home Inventory in Palm Beach Gardens Up Ever so Slightly - 03/07/12 05:45 PM
Palm Beach Gardens Home Inventory Increases Slightly in FebruaryAs we get started with another month it is time to take a fresh look at housing inventory levels throughout the area to see what is happening to the number of homes buyers have to select from. Nothing dramatic from month ago levels with some municipalities showing slight increases and some showing slight decreases; nothing more than 3% in either direction. Overall, still up form the lowest levels around October but in most cases still well below the large inventories we have been dealing with for quite a few years.
Seller’s certainly have … (0 comments)

palm beach gardens home inventory: 8th Straight Decline in Palm Beach Gardens Inventory Levels - 10/02/11 01:07 AM
Slight Drop in Palm Beach Gardens Inventory Brings 8th Straight DeclineReal estate sales throughout the north county area have had a strong showing for most of the year but we have seen some a little softening over the past couple months. In a week or so we will be releasing the final September sales numbers and while it is still a bit too early for accuracy we will probably see those trends continue. Sales in the $1,000,000+ price ranges are showing strength, interest rates remain at record lows, and inventories as we have been reported continue to shrink. Interesting times indeed … (2 comments)

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Tom Priester

Paradise Sharks

Jupiter, FL

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