The local real estate market continues to chug on down the road towards another season and our northern friends can already be seen around town. Every time I drive by one of the clubs a truck is out front unloading cars. It will be interesting to see the impact they have on real estate sales in the upcoming months. One thing for sure is the market is constantly changing; this week interest rates were up considerably as were foreclosures for the second week in a row. Inventory levels remain very low … (0 comments)
tequesta home prices: Tequesta Home Sales Fall to 7 Month Low in September
- 10/06/11 09:17 PM
Tequesta Single Family Home Sales Drop Below the 12 Month Average Another very interesting week on the front lines in the south Florida real estate market. Of note is a significant increase in foreclosures in Palm Beach County , the continuation of declining inventory levels and interest rates that remain at all time historical lows. We also say goodbye to Steve Jobs who made a bigger impact on our technological world than anyone; as I type this blog on my MacBook while listening to music on my iPod. We tend to see the market through our own eyes and thankfully I … (1 comments)
tequesta home prices: For the 1st Time in 7 Months Tequesta Home Inventory Increases
- 10/02/11 01:49 AM
Is Increase in Tequesta Inventory a Reversal of Long Decline?Real 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 on … (0 comments)
tequesta home prices: August Home Sales and Prices Make Solid Showing in Tequesta
- 09/08/11 07:30 PM
Tequesta Single Family Home Sales Stay Above 12 Month Average Another month rolls on, summer is now officially in the rear view mirror, as we start off the fall season looking back at sales during August in the north county area. This month we are going to start giving our “power rankings” of the different municipalities and will post the blogs starting with the lowest ranking and continuing through the star of the month. So here for our first ever power rankings are the results for August;
tequesta home prices: Tequesta Breaks the Mold and Shows Increase in Pending Home Sales
- 08/20/11 12:05 AM
What a difference a month makes and a lot has happened since we last updated the pending sales data in the north county area. The biggest news affecting us all was the downgrading of the credit rating of the United States. One would think that would make interest rates jump but alas the Fed jumps in and announces they are going to try and keep them artificially low for at least the next two years. I, for one, certainly hope they can but I think that was more posturing in order to calm the equity markets more than anything else.
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tequesta home prices: July Tequesta Home Sales Better Than Neighboring Communities
- 08/13/11 08:15 PM
Tequesta Home Sales Remain Strong in July After what has been an unbelievable spring and summer buying season I was chomping at the bit to pull the final numbers for home sales throughout the region for July. With all the negative news on the economic road map perhaps the best bit of news was the Fed’s announcement that they will try to keep interest rates artificially low for at least 2 more years. Great news indeed for homebuyers but let’s see if they alone can keep rates down this low.
We started off this months update with single family home … (0 comments)
tequesta home prices: Tequesta Pending Home Sales Steady as She Goes
- 07/16/11 02:04 AM
Every month at this time we take a look at the level of pending real estate sales in the north county area as it is the most important metric when determining what future sales will be. Everyone had an amazing spring with stronger sales than we have had in years. Interest rates remain at historic lows, we have seen an interesting drop in foreclosures and inventory levels are at year long lows. Sales reported here for June were tremendous and things are looking up. Or are they?
Our May 15th reports throughout the north county area showed pending sales at … (0 comments)
tequesta home prices: Tequesta Single Family Home Sales and Prices Just Plain Awesome
- 07/10/11 11:21 PM
Single family home sales jump 30% in Tequesta Last month we reported how sales had fallen during May as we transitioned from a very strong spring buying season into the summer months. Yesterday I started off the monthly updates with Hobe Sound and the numbers look excellent for June then followed up with Juno Beach condominium sales which were hardly stellar. As I start up again this morning Jupiter and North Palm Beach single home sales reported solid growth and now we report the same in Tequesta with a 30% jump over May numbers. During the month our local MLS system … (1 comments)
tequesta home prices: Ho Hum Another Record Low for Tequesta Home Inventory Levels
- 07/02/11 07:00 AM
A couple weeks ago I took an advance look into inventory levels in Palm Beach County and at that time it looked like we might see a slight uptick when I completed my monthly report. But alas, here we are at the beginning of another month with another report of declining inventories throughout northern Palm Beach County. Finding the right home for our clients continues to become more and more difficult.This month in Tequesta inventory levels continue to go lower and this marks the 4th straight decline and another new record low. The net inventory of real estate currently for sale … (1 comments)
tequesta home prices: May in Tequesta Brought Significantly Lower Single Family Home Sales
- 06/13/11 03:19 AM
Tequesta Single Family Home Sales Drop 36% in May The strength of the spring home buying season in Palm Beach and Martin Counties has been nothing short of spectacular. Inventories as reported here are at year long lows and interest rates were down again for the 8th time in 9 weeks. I wondered just how long can we keep this party going as I sat down to put together the final sales numbers for May. During the month our local MLS system shows a total of 9 successful single family home closings in Tequesta as of this mornings’ update. That … (1 comments)
tequesta home prices: Tequesta Pending Home Sales Remain at Year Long Record Highs
- 05/15/11 09:34 PM
Thirty days ago I reported here how every one of my main market areas in north Palm Beach County with the lone exception of Palm Beach Gardens reported increases in pending home sales for the third month in a row, most of which set new year long highs. These statistics showed a local real estate market that continues to recover quite nicely. Once again I was excited to get back to the data this month and see what has transpired since then but based on the activity I am seeing things continue to get better and better on the real estate … (0 comments)
tequesta home prices: Tequesta Pending Home Sales Set a New Annual Record
- 04/14/11 10:27 PM
Thirty days ago I reported here how every one of my main market areas in north Palm Beach County reported increases in pending home sales for the second month in a row, most of which set new year long highs. These statistics showed a local real estate market that continues to recover quite nicely. Once again I was excited to get back to the data this month and see what has transpired since then but based on the activity I am seeing things continue to get better and better on the real estate front lines. It really is very difficult to … (0 comments)
tequesta home prices: Tequesta Single Family Home Sales a Disappointment in March
- 04/09/11 01:02 AM
Tequesta Single Family Home Sales Down March. After soaring in February Tequesta single family home sales flopped during March; it was the only location in the north county area that did not have an amazing month and a lot of that is related to a shortage of quality inventory. During the month our local MLS system shows a total of 9 successful closings as of this mornings’ update. That compares with 13 sales in February and a bit disappointing considering how everyone else fared during the month. While the number of sales fell last month they also were entirely in the … (0 comments)
tequesta home prices: Tequesta Home Inventory Levels Continue Their Decline
- 04/02/11 08:39 PM
Last month at this time we reported decreases in the inventory levels in most of the northern Palm Beach County market areas. As the real estate market continues to recover it is important that we start to see these declines continue. Sales remain strong and there is truly a shortage of quality homes in the below $400,000 price categories. Working with numerous clients trying to find a home is difficult and we are often faced with multiple offer situations. Local inventories are full of homes that have quality issues and many of these are hard to sell and therefore skew … (0 comments)
tequesta home prices: Tequesta's Florida Real Estate Market Continues to Rock and Roll
- 03/15/11 07:24 PM
Last month at this time I was so pleased to report how every one of my main market areas in north Palm Beach County reported increases in pending home sales which shows a local real estate market that continues to recover quite nicely. I was excited to get back to the data this month and see what has transpired since then but based on the activity I am seeing things continue to get better and better. It really is very difficult to find good properties in many locations in certain price ranges. Pending and contingent home sales data are very … (0 comments)
tequesta home prices: February Single Family Home Sales in Tequesta were AWESOME!
- 03/06/11 11:25 PM
February Tequesta Single Family Home Sales Jump to Highest Level in 8 Months Tequesta continues to show amazing strength with shrinking inventories, higher pending home sales and now in February we can report outstanding sales figures; single family home sales were at the highest level we have seen in 8 months. During February our local MLS system shows a total of 12 successful closings as of this mornings’ update. That compares with 5 sales in January and the third highest total we have experienced in 12 months. 12 sales is certainly fantastic news but breaking down those sales is a bit … (0 comments)
tequesta home prices: Tequesta Your Secret is Out!
- 02/01/11 10:44 AM
After all the great news we passed your way last month about housing inventories continuing to drop across the market areas I service I could hardly wait to run the numbers when I finally got to the computer today. Last month at this time we reported that Tequesta inventory levels had just dropped for the 8th time in 9 months which is a great sign of a market continuing to recover. So what has happened since then........
Well, the Tequesta market continues to amaze me and remains as one of the best performing markets in the north County area. While … (0 comments)
Total Available Listings 319 Median List Price is $429,000
Total Contingent Listings total 19 with a median list price of $279,000 Total Pending Listings total 11 with a median list price of $285,000
Total sales over the past year are 219 with a median sales price of $265,000
Current inventory level based on trailing 1 year sales is 17.5 months.
Always at Your Service,
Tom Priester e-PRO "Results Driven Real Estate"
Keller Williams Realty 561 308-0175 tom@tompriester.com
www.tompriester.com
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tequesta home prices: Tequesta Pending Home Sales Increase
- 12/20/10 03:13 AM
Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what the future might bring for my clients.
When a bilateral contract is entered into there are typically contingencies, historically mainly for home inspections and financing, but in today’s world more often that not they are short sales waiting for third party, or bank, approval. Once … (0 comments)
Tequesta Pending Sales Drop to 9 Month Low
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