Tom Priester's Blog

April continues to shape up as a strong month for the real estate markets in the Northern Palm Beaches. As of April 15th, the median condo price in the area is up again for the 3rd straight month. Over that 90 day stretch the median price of a condominium in the Jupiter area is up over 6.2%.  Whi...

Home buyers in the Northern Palm Beaches have been busy. Not as busy as they were in 2015 but that was a record breaking year. Last year during the 1st quarter they snapped up 679 single family homes in the region at a median sales price of $379,900. This year they didn’t buy as many homes, a tot...

As of April 1st the median price of a single family home in the Jupiter area is up again. Over the past month that median price is up 2.4%. Over the past year the median price has risen by 14.5%.  Over the past month, sales of single family homes in the Northern Palm Beaches were the strongest we...

Dear Jupiter Town Council,My congratulations to each of you in your election victories and wish you the best in making sound decisions for Jupiter’s future. She is a special place. Different.Yesterday, I was reading an article about an appearance Burt Reynolds made Saturday at the Norton Museum a...

The number of homes on the market for buyers to select from in the Northern Palm Beaches has been steadily rising. As of April 1st, inventory levels are up again, but starting to slow. Over the past couple weeks inventory has only risen about 6 tenths of one percent. In real numbers that means a ...

Here at Paradise Sharks we take our clients’ welfare seriously. Our passion, when we started this business, was our clients’ and they will remain our focus as long as I am around, which I hope is a long, long time. We feel strongly that everyone should have a high level of quality and value from ...

Median condo prices in the Northern Palm Beaches have made significant gains for each of the past 4 years. Since 2011 prices have moved higher each year and 2 1/2 months into the new year it certainly looks like a 5th straight year of increases is well underway. As of March 15th, the median sales...

The number of homes for sale in the Northern Palm Beaches continues to grow. For 6th straight months the inventory of properties from which buyers can choose from has increased. As of today, there are more homes available for sale than anytime since way back in June of 2014. With more options on ...

At some point residential real estate changed from the “American dream” to just another commodity. Volatility of median single family home prices in the Northern Palm Beaches is not for the faint of heart. It shouldn’t be that way, but it is so get used to it. It’s one reason we tell you to only ...

The seasonal buying of property in, and around, Jupiter continues but the strength is not what we had hoped. A volatile stock market has not helped. Limited inventory of well priced homes in the best locations has not helped. Rising median prices of single family homes has not helped. The crazies...