tequesta realtor: Tequesta Single Family Home Sales Jump 57%
- 01/11/12 11:29 PM
Tequesta Single Family Home Show Largest Gain Since February 2011As I sit down to finish up my final articles about the metrics of the 2011 south Florida real estate market I am excited about what the new year will bring. There are many positive signs and I am looking forward to finishing up this review of December sales in the region so we can put together the recap of 2011 and our projections for 2012. But first things first let’s see how things panned out in the final month of 2011. During December our real estate sales power rankings ended up … (1 comments)
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tequesta realtor: Pending Home Sales in Tequesta Ahead of Year Ago Level
- 12/15/11 05:59 AM
Pending Home Sales in Tequesta Down Slightly
The local real estate market continues to change on a daily basis and the traditional ebb and flow is amazing to watch. This is our last update of pending home sales in 2011 and what a year it has been. Inventory levels have shrunk dramatically, prices remained under pressure, sales have been solid and we are well positioned for heading into the new year.
Pending sales are the most accurate predictor of what transactions we can reasonably expect to close escrow in the coming 30 to 60 days. Each month we … (0 comments)
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tequesta realtor: Tequesta Home Sales Slow Considerably During November
- 12/12/11 08:12 AM
Tequesta Home Sales Stall in NovemberAfter a very solid, but mixed, month of sales during October I was anxious to see how things panned out in November. As reported earlier in the blog interest rates are at record lows, pending sales were also very solid but mixed and we have seen a slight increase in inventory levels. There is no doubt that the lower inventory levels we have been experiencing have an impact on sales so let’s look at the final numbers for last month. During November our real estate sales power rankings ended up like this; #1 Juno Beach #2 Palm Beach … (0 comments)
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tequesta realtor: Tequesta Single Family Home Sales Soar in October
- 12/04/11 10:54 PM
Tequesta Home Sales Jump 36% in October
Still trying to catch up after a well deserved vacation and a return to a south Florida real estate market that is hot, hot, hot. While I quit reading the newspaper and listening to news on the TV I get more than enough from the internet and know how the talking heads report how bad everything is with the economy. Somebody forgot to tell home buyers how bad it is because they continue to spark the amazing rebound we have seen this year. Particularly strong is the single family home market and well priced … (0 comments)
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tequesta realtor: Tequesta Home Inventory Level Rises for the 2nd Straight Month
- 11/27/11 06:24 AM
Tequesta Home Inventory Levels Up 3%Wow what a little havoc a well planned holiday can play. Working like crazy to ensure I took care of my clients before leaving the country on a little vacation then coming back to a real estate market that is on fire has put me behind on my blogs; way behind. With the Thanksgiving weekend upon us I knew the annual slowdown we experience this weekend would allow me to catch up and for that I am thankful!
Real estate sales throughout the north county area have had a strong showing for most of the year … (0 comments)
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tequesta realtor: Tequesta Makes it a Clean Sweep; Home Inventory Levels are WAY Down
- 05/31/11 11:37 PM
The smiles continue to shine around the offices of Keller Williams Realty in Jupiter as the local real estate market continues to thrive and recover. As we report on the first of every month we continue to watch inventory levels to see just how strong this recovery is. As we head into summer and put the spring buying season in the rear view mirror let’s see what has happened to inventory levels over the past month. This month in Tequesta inventory levels have once again moved in a positive direction with another drop and once again a new annual low. The inventory … (0 comments)
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tequesta realtor: Tequesta Inventory Levels Reach Another New Low
- 04/30/11 09:13 PM
It is remarkable how happy everyone is around the office these days. Keller Williams Realty in Jupiter continues to thrive and grow and everyone seems busy, busy, busy. Inventory levels, as reported here every month at this time, continue to drop which shows how well the local real estate market has been recovering. This month we start off our local inventory reports in Tequesta where levels dropped to another new low. 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 … (0 comments)
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tequesta realtor: 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)
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tequesta realtor: 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)
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tequesta realtor: 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)
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tequesta realtor: 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)
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tequesta realtor: Interest Rates Spike but Just Barely
- 03/05/11 10:57 PM
Interest rates up for the 1st time in three weeks but remain firmly below 5%.
Interest rates made little movement from last week at this time and remain a full 12 basis points below 5%. As of this morning the average overnight rate, as reported by Bankrate.com, for a 30 year fixed rate sits at 4.88% up a single basis point from the 4.87% we were at last Sunday. Remember this is the average overnight rate and those with good credit will still be able to lock in rates below these averages. Last week we changed our chart to track interest … (3 comments)
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tequesta realtor: Tequesta Home Inventory Levels Remain at Annual Low
- 03/01/11 06:12 PM
Last month at this time we reported increases 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 chipping away at some of the inventory levels. 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 … (1 comments)
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tequesta realtor: Interest Rates Head South; Back Below 5%
- 02/19/11 06:00 PM
After rising for 4 straight weeks we saw a nice reversal in the interest rate market last week, dropping rates back below 5%. As of this morning the average overnight rate for a 30 year fixed rate sits at 4.93% down 13 basis points from the 5.06% we were at a week ago. Remember this is the average overnight rate and those with good credit will still be able to lock in rates below these averages.
The benchmark 15 year fixed rate also decreased last week to 4.23% from 4.32% while the benchmark 5/1 adjustable rate mortgage moved to the … (0 comments)
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tequesta realtor: Tequesta Pending Home Sales Jump 33%!
- 02/15/11 02:30 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 many times they are short sales waiting for third party, or bank approval. Once these contingencies … (0 comments)
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tequesta realtor: Tequesta Single Family Home Sales Remain Flat in January
- 02/08/11 11:01 PM
Tequesta Home Sales Remained Flat in January.
All the good news that comes out of the Tequesta market about shrinking inventories might just be having an effect on single family home sales, as it is the only local segment that I track to have sales so low over the past two months. In January sales were at the lowest end of the spectrum over the past year; in fact tied with December. During January our local MLS system shows a total of 5 successful closings as of this mornings’ update. That compares with 5 sales in December and the lowest … (1 comments)
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tequesta realtor: Tequesta Pending Home Sales Pull Back Slightly
- 01/17/11 02:40 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, … (0 comments)
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tequesta realtor: Tequesta Home Sales Down but Median Prices Up
- 01/14/11 12:42 AM
Interest rates have been down the first couple weeks of the new year which is a most welcome reprieve from the hikes we had seen the last few weeks of 2010. Today, we are taking our last look at sales levels in some of our market areas for last year and in Tequesta single family home sales were the most disappointing in the region; by far. While most of the area communities saw very strong increases in sales in Tequesta we saw just the opposite. During December our local MLS system shows a total of 5 successful closings as of … (0 comments)
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tequesta realtor: Sub 5% Interest Rates Putting up a Fight; Largest Drop in 13 weeks
- 01/09/11 12:55 AM
Sub 5% interest rates aren’t giving up without a fight!
We began 2011 with a slight increase in the overnight rate on a 30 year fixed mortgage bringing us back up slightly above the 5% threshold. As of this morning, the average overnight rate for a 30 year fixed rate sits at 4.86% down a full 16 basis points from where we were a week ago at 5.02%. This is the largest weekly drop we have experienced in 13 weeks and is great news for those locking in rates. Remember this is the average overnight rate … (2 comments)
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tequesta realtor: Tequesta Inventory Levels Continue Their Historic Slide
- 12/31/10 10:57 PM
Welcome to the New Year of 2011. It should be an another amazing year for the local real estate markets and we look forward to bringing you the latest market statistics. Following the inventory levels is extremely important as it is the “supply” end of the equation that tells us where prices may be heading. As the supply of homes decreases and demand stays even we will see pricing increases. Tune in next week to see where prices have gone over the past year and you might be surprised.
The Tequesta Net Inventory Index decreased during … (1 comments)
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Tequesta Single Family Home Show Largest Gain Since February 2011As I sit down to finish up my final articles about the metrics of the 2011 south Florida real estate market I am excited about what the new year will bring. There are many positive signs and I am looking forward to finishing up this review of December sales in the region so we can put together the recap of 2011 and our projections for 2012. But first things first let’s see how things panned out in the final month of 2011. During December our real estate sales power rankings ended up … (1 comments)
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