Tom Priester's Blog

New record low for Jupiter home inventory

Selection for home buyers in the Jupiter Florida area is at the worst levels in well over a decade. #jupiterhomeinventory

Natural light your home's value depends on it

If someone tells you the three most important things about your home's value are location, location and location they don't understand the big picture. #naturallight

Median single family home prices stay above $500,000 thanks Tequesta

Single family home prices in the Northern Palm Beaches fell in August to the lowest levels we have seen since March. #tequesta

Turn your house purchase into big help for The Bahamas

if you are buying, or selling, a home please consider helping Paradise Sharks raise money to assist with the monumental task of rebuilding the northern Bahamas. #bahamasstrong

Critical shortage for Jupiter home inventory

Inventory of homes for sale in the Jupiter Florida area, are very close to the lowest levels we have seen in well over a decade. #jupiterhomeinventory

2019 Palm Beach County property tax valuations are here

This year's property tax valuations here in Palm Beach County were just posted. If this is the first valuation since you purchased your home, you need to check your valuation very, very closely.

Why Village of Tequesta home prices are up 31% this year

Median home prices are up over 31% so far this year in the Village of Tequesta. In Jupiter Florida, prices are up only 2.3%. In the overall Northern Palm Beaches market, they are up by 4.1%.

Jupiter home inventory hits 46 month low

Why choosing the right real estate broker on the sale of a median priced home in Jupiter Florida can mean $10,469 in your pocket. #jupiterhomeinventory

Jupiter home prices heading lower

Timing the Jupiter Florida real estate market is not easy, but if you know when things are going to be hot, and when they are going to be cool, your odds are much higher. #jupiterhomeprices

Trouble in paradise for Jupiter home buyers

If you know anybody looking for a home in the Jupiter Florida area, priced below the million dollar threshold, understand that bewildered look on their face is real. #jupiterhomebuyers

Tired of getting soaked by outrageous real estate commissions

With closing costs on a median priced single family home running in the tens of thousand of dollars, both buyers and sellers need to be educated. #realestatecommissions

Palm Beach Gardens condos see prices rise again to another new record

Median prices for condos in the Palm Beach Gardens, Florida area continue to climb. Over the past 7 months, prices are up 10.8%. #palmberachgardenscondos

Palm Beach Gardens homes leave buyers disappointed with selection

If you are looking for a home, in the Northern Palm Beaches, you know it's not that easy. Sure, interest rates remain near 19 month lows, but there just isn't a whole lot of good stuff out there...

Jupiter home sales disappoint

Jupiter, Florida area home sales fall 9.5% in June and that's a big deal. Prices down so far this year in Abacoa and Jupiter Farms, Florida. #jupiterhomesales

Northern Palm Beaches pending home sales show strength during June

Pending home sales in the Jupiter area are up over year ago numbers for the first time in 9 months. Will buyers continue to buck the trend and keep prices moving higher over the next 6 months?

Jupiter condo prices soar higher for 4th straight month

Jupiter, Florida condo sales slump 34% behind last year's numbers. It's the second straight, year over year, decline in sales, but prices continue to climb. #jupitercondoprices

Local homebuyers facing higher prices and fewer choices

Even in the slower summer months, finding a great deal on a home in the Jupiter area is not going to be an easy task. Education is the key...... #jupiterrealestate

Jupiter home prices rocket to record highs

Single family home sales in May were up 9.9% over last year's numbers with median home prices flying past the $500,000 mark. And guess what, June is going to be even hotter!

$1M+ home sales soar over 70% in the Jupiter area

Mind numbing numbers reported for luxury home sales in the Jupiter, Florida area. In April, more homes closed above $1M than any other month in history. #jupiterwaterfrontproperties

Pending Jupiter home sales down for 5th straight month

It's going to be a long, hot summer for Jupiter Florida home sales, so settle in and if you care about the value of your home, pay attention. #jupiterhomesales

Palm Beach Gardens condo prices hit 13 year record on increasing sales

Condo prices in the Palm Beach Gardens area are up 8.7% so far in 2019. Watch for a solid month of sales ahead with pricing pressure to the upside. #palmbeachgardens

Tiring of technology but man am I loving this new watch

If you see somebody who is not tied to a massive cell phone, it may be someone who has had their fill of technology. It may be me. And here's why........ #applewatch4

Million dollar home sales continue to bolster the Jupiter real estate

Million dollar home sales break yet another record and help push median prices to all time record highs. Watch for pending home sales to tumble over the next 7 1/2 months....

Jupiter real estate commissions continue to plummet

Since 2009, the median cost of a single family home in Jupiter, Florida is up 65%. However, the number of Jupiter single family home seller's paying their broker a 6% commission is down almost 70%.

Jupiter home prices slide in April

Jupiter Florida home prices fell in April and the median single family home in the Northern Palm Beaches is now only worth $1,500 more today than it was a year ago. #jupiterhomeprices

Jupiter real estate officially kicks off summer vacation 2019

Say adios to our northern, and international, visitors. The season for Jupiter real estate is over and summer vacation has officially arrived. Fewer sales, less inventory and well, summer vacation.

Is Tequesta really the best place to call home in South Florida?

Did you know that the median single family home price in Tequesta, Florida so far this year sold for $624,000? #tequesta

Jupiter condo prices continue to climb

Don't get crabby just because Jupiter condo prices are up for 3 straight months. In reality, they are barely ahead of last year's prices and still 16% below the all time highs. #jupitercondoprices

Jupiter real estate market flexes her muscles in April

The real estate market here in the Jupiter Florida area is doggone interesting, so if you care about your homes' value then this article is for you. Fins up..... #jupiterrealestate

Jupiter single family home prices soar 6% to all time record high

Home sales continue to sputter, with the number of homes under contract at 6 year lows, but single family home prices in the Jupiter area soared to a new all time record high as of April 1st.

Like the tide Jupiter home sales are both high and low

Jupiter, Florida home sales during the first quarter were the lowest we have seen in 7 years. Single family home prices are at all time record highs.

Jupiter condo prices rise for 2nd straight month

Single family home sales in Jupiter are down almost 15% so far this year. However, condo sales are up and median condo prices just moved higher for the 2nd straight month. #jupitercondoprices

Jupiter home sales down 12% from year ago levels

Is it time to wave the warning flag for Jupiter Florida real estate? Pending home sales down 12% from one year ago but that's only part of the story. #jupiterhomesales

Jupiter single family home prices move higher in February

The median single family home price in the Northern Palm Beaches was up in February for the 5th straight monthly increase. The median home price on March 1st was $485,000, up from $481,000 the month before. Year over year prices, show an annual gain of 5.4% but we still lag behind the all time record...

Jupiter area home sales jump 17.7% in February

Seasonal home buying is up, but if you are looking to sell and get the best price for your home, your days may be numbered. #jupiterhomesales

Jupiter condo prices increase on decreasing sales

Condo prices in the Jupiter Florida area are up over the past 30 days but market continues to struggle. #jupitercondoprices

Jupiter single family home prices up slightly to end 7 month slide

Jupiter home prices creep higher and we expect more jumps in the week's ahead. It's a great time to sell the right house in the right location. #jupiterwaterfrontproperties

Jupiter home sales take off with strong seasonal buying

Holy smokes, did you see what happened to Jupiter area pending home sales over the past 2 weeks? Well, over the 2nd half of January they zoomed like they have never zoomed before.

Jupiter condo prices tread water after recent falls

Shell life indeed. With median Jupiter condo prices virtually unchanged over the past year, and still 18% below all time highs, signs point to higher prices ahead. #jupitercondoprices

Jupiter home inventory zooms to 21 month highs

Interest rates down for the 13th time in 14 weeks and buyers in the Northern Palm Beaches have more selection than they have had since April of 2017.

Jupiter real estate commissions plummet to 9th straight record low

Real estate commissions continue to drop like a rock and it's not going to get any better for the real estate community. But, before you get stuck with a robot, please read this......

Jupiter home prices fall in market on path with many curves

If history repeats itself pending home sales, that have been in a dramatic free fall, will start moving significantly higher in about a week. #jupiterhomesales

Jupiter real estate circa 2019….going to be an interesting ride

Watch for Jupiter real estate to get more expensive over the next few months. If you are in the market, there are many things to keep your eyes on. #jupiterrealestate

Median Jupiter condo price falls again to wrap up 2018

Pending home sales in the Jupiter area, as we started December, were already at the worst levels we had seen in over 6 years. So far this month they have dropped another 14%. Ouch!

Jupiter home sales continue their decline

Jupiter home sales drop to another new 6 year low but prices just may be heading even higher. If you are buying, you probably should move fast. #jupiterhome

Jupiter single family home prices climb for 2nd month

Jupiter single family home prices up again and now sit 10% above year ago numbers. It's going to be a very interesting year ahead. Fins up...... #jupitersinglefamilyhomeprices

Selling your Jupiter home for the highest price is easy

With pending home sales in Jupiter sitting at 6 year lows how is a seller going to get their best price. It's as easy as asking questions and here is a great article to tell you what questions to ask.

Why December may be the best month to buy that Jupiter home

While everybody is doing Christmas this month it will also be the very best time for you to find the perfect Jupiter home. To find our why please enjoy this week's Paradise Sharks market update.

Jupiter condo prices continue to tread water

Jupiter, Florida condo prices have not moved in 7 months. If you are even thinking about finding the right opportunity, you probably should get serious over the next 30 days.

Jupiter real estate struggles as the economy remains strong

With pending home sales in the Jupiter Florida market at 6 year lows and interest rates at 7 year highs it's going to take more than a fortune cookie to steer you in the right direction.

Brighter skies for Jupiter home prices

After a 4 month decline, things are looking better for single family home prices in the Jupiter area. Please enjoy Paradise Sharks weekly market update....

Jupiter home sales plummet to 6 year lows

The number of homes under contract in the Jupiter Florida area has fallen to the worst levels we have seen since 2012. That number is most likely to fall even further through the end of the year.

Jupiter condo prices move higher after 3 month slide

Jupiter condo prices stabilize but keep a very close eye on interest rates. If they keep rising............ #jupitercondoprices

More homes for buyers to consider as Jupiter home prices start to stab

How can you get the best full service real estate experience at prices nobody else can touch? In Jupiter Florida it's very easy. Paradise Sharks has decades of experience....

Jupiter home prices continue to pull back

Healthy correction or..... #jupiterhomeprices

Snowbirds starting to arrive as Jupiter beaches are closed

Median Jupiter area real estate prices continue to fall while snowbirds start pulling into town to find the beaches closed. It's going to be a very interesting real estate market heading your way.

Jupiter condo prices continue their decline

Median Jupiter Florida condo prices down for the 3rd consecutive month. Not much in the forecast for any significant increases coming our way. #jupitercondoprices

Jupiter home sales remain strong

Fall is in the air and that means change. Not only for the leaves but also for Jupiter home sales. Please enjoy this week's Paradise Sharks market update. #jupiterhomesales

Jupiter home prices fall for 3rd straight month

Median single family home prices in the Northern Palm Beaches, as of September 1st, have fallen again for the third straight month. At this point, they seem to be consolidating a bit but this market, amid all the political turmoil, bears watching. Closely. We are living through historical times and there...

Jupiter Yacht Club sale brings record price

The best condominium buildings in Jupiter are sought after in today's real estate world. Another price record has just been set in The Pointe building at Jupiter Yacht Club. #jupiteryachtclub

Jupiter Realtors had much to smile about in August

The Jupiter real estate community was grinning from ear to ear during August. The question is will the smiles remain on their faces this month. #jupiterrealestate

Jupiter condo prices continue to pull back

Jupiter, Florida condo prices, and those throughout the Northern Palm Beaches, have pulled back for the second straight month but remain 6.6% higher than year ago numbers.

Is the 6% real estate commission dead

The percentage of home sellers in Jupiter Florida paying a 6% commission has dropped 61% since 2009. The key to making sure your home sells for the most money is being informed.

Jupiter home sales show surprising strength in August

It has been many years since we saw Jupiter home sales, and those across the Northern Palm Beaches, increase over the first two weeks of August, but that is exactly what just happened. #jupiter

Jupiter home prices down in July

Jupiter home prices drop again in July to the lowest levels we have seen since since March 1st. With interest rates falling this week it may just be the perfect time to find your dream home.

Jupiter real estate market softens further. Should you be worried?

Is the Jupiter, Florida real estate market seeing a normal summer or is something else going on? If you care about real estate prices keep informed. Watch the economic news.

Too far too fast as local condo prices pull back slightly

After jumping over 14% since December, median condo prices in the Jupiter, Florida area are down slightly over the past month. #condoprices

More people boating than buying real estate

Home sales in the Jupiter area continue to sputter. This is a market to pay very close attention if the value of your investment in real estate is important to your overall financial position.

Home inventory remains a huge concern

The lack of inventory is driving the local real estate market. Favorable economic conditions are helping. Median prices up 14% over the first half of 2018. Where do we go from here?

Condo prices continue to climb

Condo prices in the Palm Beach Gardens, Florida area are up 14% over the past 6 months. Sales have increased for 5 straight months and over the last 30 days are 10.4% above last year's numbers.

Is a slowdown underway for real estate in paradise

Sometimes slow is good. Summertime and it's time for a breather. Head to the beach. Home sales will slow and so will the number of homes available for sale. #paradise

Median home price in the Northern Palm Beaches hits $500,000

Home prices in the Northern Palm Beaches are up for the 6th straight month. Another record high. Location remains critical as does condition...

Fewer for sale signs as Jupiter home prices continue to rise

June has arrived and that means so many things. It means that today is the last day of the year for public schools in Palm Beach County. It’s the official kick off of the 2018 hurricane season. Its even National Doughnut Day. In the world of real estate, June almost always means the largest number...

Best neighborhood in the Palm Beaches - Tequesta

If you are looking for old Florida, walkable streets and the epitome of the perfect South Florida lifestyle. Look no further than the Village of Tequesta. #tequesta

Condo prices continue to rise in the Northern Palm Beaches

While the rain continues to fall, Jupiter condo prices continue to climb. This afternoon the median condo price in Jupiter, Florida sits at $292,500.

Million dollar home sales fuel Jupiter market

Million dollar home sales in the Northern Palm Beaches continue to break record, after record. The strength we are seeing in this market segment is helping to fuel median prices to new highs.

Northern Palm Beaches homes continue to get more expensive

Today's home prices are not for the faint of heart. Living in paradise just keeps getting more expensive. #jupiterhomeprices

Median Jupiter area condo price hits $235,000

Median condo prices are up again but haven't performed nearly as well as single family homes. Where do we go from here?

Jupiter home inventory poised to tumble

There is good news, and bad news, for anyone looking to purchase a home in, and around, the Jupiter, Florida area in the coming months......... #jupiterhomeinventory

Jupiter million dollar homes sales smash another record

Million dollar home sales during March in the Jupiter, Florida area blew away last years record setting pace by an astonishing 32%. Talk about one red hot market. What this means to the overall market

Jupiter home prices continue to soar

Do you know what the value of your home is? If you own a single family home in the Northern Palm Beaches prices are up over 10% since January.

Jupiter pending home sales tumble - and it’s all downhill from here

Home buyers BEWARE! Inventory levels are already 10% below where we were a year ago and its about to get worse. #jupiterhomesales

How to sell your home for a record price and pay a 4.5% commission

The real estate market is hot but it's not going to stay that way. If you are even thinking about selling, how would you like a record sales price and lower costs?

Seasonal buying pushes Jupiter condo prices to 11 year highs

Jupiter condo prices climb to the highest levels in over a decade. Are they going to keep climbing? #jupitercondoprices

When to call the listing agent....never

If you want to negotiate your very best price on that home for heavens sake DO NOT CALL THE LISTING AGENT. EVER....... #jupiterhomesforsale

Jupiter home sales jump 14%

March has brought a nice bump in Jupiter home sales with prices climbing. Don't go it alone in this market. Paradise Sharks will not only provide you the best quality & service but also the best value

If you want to sell a Jupiter single family home don't miss the boat

If you are thinking about selling your Jupiter single family home this year and haven't done anything you may have just missed the boat..... #jupitersinglefamilyhome #paradisesharks

Disappointing Jupiter real estate season

What happens when pending sales are 30% lower than we have seen in previous years with inventory levels down about 15% and about to slide for 5 straight months. We are about to find out...

The Palm Beaches - living in paradise

Winter have you down? Living in paradise is a choice. There are homes and lifestyles for everyone in The Palm Beaches. What are you waiting for? #livinginparadise

February starts with strong home sales for the Jupiter area

Season is here. The beaches are busy. The hottest restaurants are jammed and there are plenty of smiles as one travels around the Northern Palm Beaches. The weather is spectacular and it’s the time of year when pending home sales are supposed to surge. With interest rates up for the 6th straight...

Watch closely to the value of your home. Change is in the air.

If you care about your homes value..... Last time the stock market fell was in 2008. Median Jupiter area single family home prices dropped 19% in 2008 and another 12% in 2009. #homeprices

Commissions on Jupiter single family homes sales continue to plummet

Have you ever dropped something in your pool and watched as it sinks to the bottom. That's what we have seen with real estate commissions in Jupiter, Florida over the past 9 years.

Interest rates shoot to multi year highs

OUCH! Interest rates just jumped to the highest levels we have seen in 132 weeks. Right now they look like they might move even higher. #interestrates

Juno Beach home sales jump 39%

Never have the risks in real estate been higher. In the age where most internet sites are grabbing your contact information and sell it by zip code the need to be educated has never been greater.

Million dollar Jupiter home sales break 12 year old record

Not only did million dollar home sales break a record last year in Jupiter, Florida. They smashed a 12 year record by almost 10%. 2018 is starting off strong as well. #jupiterhomesales

Jupiter condo prices rise after 4 month slide

Lots of poorly marketed homes out there, and prices are starting to move higher. Seasonal home buying is officially kicking into high gear and median condo prices in the Jupiter, Florida area are up.

Jupiter home sales; on your mark, get ready, go....

Jupiter home buyers are here, but there just aren't many great opportunities in many market segments. Last year we saw sales soar 39% over the next month. What is going to happen this year?

Your 2018 bucket list when visiting Jupiter, Florida

There are so many insanely, amazing things to do in Jupiter, Florida. What is your favorite? #jupiterflorida

Jupiter again tops list of Palm Beach Counties most expensive homes

Every year, about this time, we take a look at where prices for the median single family home moved in each of the 11 most active markets in Palm Beach County. Once again, Jupiter remains at the top of the list with a median sales price in 2017 of $470,000. This was up 4.7% for the year and while 6 of...

Jupiter home prices gain momentum

Jupiter area median single family home prices are down 8.2% over the past 4 months. But they are ready to take off, so if you are looking, you better get started. Like right now. Fins up......

Jupiter real estate ready for the New Year

In 2018, uncertainty may be the word of the year for Jupiter real estate......

Jupiter condo prices continue to tread water

In about 3 weeks our winter visitors will be starting to write contracts on condos in, and around, Jupiter.

If you are thinking about selling your Jupiter home.....NOW is the tim

The very best time to sell your home in the Northern Palm Beaches doesn't last forever. The window of opportunity is open right now, but it won't be open for long. #jupiterhome

Jupiter homebuyers snapping up deals

As we wrap up one year, and get ready to kick off another, in the world of real estate it's time to forget the rules.

Jupiter home prices grounded for 3rd straight month

Over the past 90 days the median price of a single family home in the Jupiter, Florida area has dropped 9%. Over the past year there has been essentially no change in value. That's good news...

Jupiter home sales fall to 11 month lows

Ever since Paradise Sharks has kept records, pending home sales in the Jupiter, Florida area have never been this low on December 1st.

Jupiter condo prices hold steady

If you are looking for value on a condo in, or around, Jupiter, Florida then you should probably be shopping right now. As time marches on, keep your eyes on the stock market and interest rates.

Best restaurant in Palm Beach Gardens.....that’s easy

One thing we love is food. And there are a lot of restaurants we love in the Northern Palm Beaches. But when you boil it all down, there is one we love extra special.....

Jupiter real estate market remains highly competitive

The real estate market, and the industry itself, is constantly changing. Both buyers, and sellers, need to be teamed with a professional broker in order to make the best decisions. With the median sale price of a Jupiter single family home sitting at $470,000 so far this year, a little mistake can cost...

Interest rates sink to 9 week lows

Holy smokes did you see what happened to interest rates this week? Down 11 basis points to the lowest levels we have seen in over two months.

How not to sell your home

Whenever doing anything real estate interview and ask lots of questions!

Jupiter homes sales (and prices) cool like the winter winds

October brought a chill to Jupiter single family home prices. Inventory levels have been moving higher but not much good stuff out there in many neighborhoods.

Jupiter home sales make an amazing turnaround

Home sales in the Jupiter, Florida area make an amazing turnaround in October. However, your single family home may be worth less next month while your condo may be worth more.

Jupiter real estate commissions continue to drop

There is more great news for sellers of single family homes as Jupiter real estate commissions continue to drop.

Jupiter condo prices flatline

Jupiter condo prices flatline, however that is probably a good thing.....

More options for Jupiter homebuyers

Snowbirds returning to inventory levels that are starting to rise. Will it be enough to push sales and prices higher. We are about to find out.....

Million dollar Jupiter homes selling like hotcakes

million dollar jupiter homes

Jupiter home prices fall for the 1st time since February

The median price of a single family home in the Northern Palm Beaches has been on a major upswing. As of October 1st, that upswing has stopped but it is really no big deal. Over the past month, that median priced home is worth $475,000, down from the $479,000 in was worth 30 days ago. Over the...

Why would we want to do anything else?

Paradise Sharks has a few tag lines we like to use. One of them is we are different…..by design. And we are damn proud of it. Our passion is to raise both the quality and value of real estate services available to everyone. Tailor our services to the needs of the client. To be efficient....

Jupiter home sales continue to sputter

What a beautiful Sunday here in paradise as we kick off the month of October. Not sure where September went, but it sure went quickly. Our first stop today was opening day of the Palm Beach Gardens Green Market which is one of our favorite seasonal activities and for my money the “official”...

Condo prices in Jupiter continue to stabilize

Condo prices in Jupiter and the surrounding areas are unchanged over the past month on sales volume that continues to lag previous years. Today’s median condo price is at $225,000, the same it was back in August. Over the past three months, condo sales in the Northern Palm Beaches are down about...

Homes for sale in Jupiter becoming harder and harder to find

It was a huge sigh of relief we all felt during the late evening of Sunday, September 10th. Irma had finally passed through and the damage locally was insignificant compared to those souls on islands in the Caribbean that faced the Category 5 fury of one of the worst storms ever. Thankfully, at...

Will Irma wipe the smile off the faces of Jupiter home sellers

Down here in South Florida everyone’s mind is on Irma. Her size, her strength, her direction, her fury. Prayers for safety out to anyone and everyone in her path. As the enormity of what Harvey did to Houston just starting to come into focus, we pray that the force of Irma slows down as this morning...

August home sales slow as prices continue to surge

September 1st. Labor day weekend. The end of summer? It all depends on who you ask. The “official” end of summer will arrive here in Jupiter at 4:02 PM on September 22nd. It has certainly been an interesting summer for real estate in the Northern Palm Beaches no matter when you feel...

Jupiter condo prices looking healthy

So many things converge to help determine where real estate prices are and where they may be heading. Interest rates, inventory, the economy, location, condition, demand all play important roles and it is hard to imagine a time when there was so much on the line. Gridlock in Washington DC is apparently...

Summer vacation finally arrives for Jupiter real estate

Almost always, summer in, and around, Jupiter means the real estate market goes on vacation. It’s just the way it is, or at least the way it has always been. Home sales slow when the temperatures start climbing. Then this year comes at us with more single family home sales in Jupiter during June...

Jupiter condo sales slow as prices drop

It has been a long time since we have been able to tell you that median home prices in the Jupiter area have done anything but go up. In fact, the last time we informed you of a pullback of any kind was way back on February 15th. Well, we can break that streak right now as median condo prices in the...

Have you seen what’s going on with Tequesta home sales

What a summer it has been for real estate here in the Northern Palm Beaches. Historic, is probably the best word to describe what we have seen over the past 7 to 8 weeks. In Jupiter, more single family homes closed in June than any other month ever in history. That is very, very impressive. Prices...

Record breaking Jupiter single family home sales

Anyone who watches real estate here in paradise knows that Jupiter single family home sales are almost always strongest in the month of June. Not condominiums mind you. Their best month is almost always April. This year is no different, but it is. Let me explain. Once again this year, June brought...

Jupiter pending home sales turn positive

Fewer buyers sign contracts during the summer months here in paradise. That is just the way it is. People are on vacation, enjoying these amazing summer days at the beach and real estate takes a back seat. Buyers are out there, but finding a home they like, or can afford, is difficult and adds to the...

Jupiter home prices close in on record highs

The median price of a single family home in the Northern Palm Beaches continues to climb. We have to go back to 2005, before the bubble burst, for the record high price of $488,250. We aren’t there yet but as of July 1st we are back to $460,000 and within 6% of that all time plateau. With prices...

Jupiter home sales sputter

We have been telling you about the summertime blues in the real estate market for weeks. They are somewhat inevitable, but this year they feel a bit different. It’s not as much about demand with much of the blame to be put on the supply side of the equation. There are not enough well positioned...

Why now might be the very best time to sell your Jupiter area home

Timing the sale of any asset is not an easy task. Especially a home where the costs of a sale are high and you still need to figure out where you are going once that home sells. However, if you are even thinking about the sale of a home in the Northern Palm Beaches, there may not be a better time. First,...

Abacoa home prices continue to climb

Way back in 1995 when Divosta broke ground on the 2,055 acre site, you knew Abacoa was going to change the face of Jupiter. With last weeks approval of a $22 million dollar bowling and movie complex in downtown Abacoa the changes continue. Perhaps the most important thing about Abacoa this year is the...

Oh buoy Jupiter condo prices reach another high

Nothing seems to be able to stop the run median condo prices in the Northern Palm Beaches have been on. Day after day, week after week, month after month, it costs more on a daily basis to purchase that median priced condo in the Jupiter area. Since February, Jupiter condo prices are up a very significant...

Hobe Sound home sales climb while Juno Beach buying falls dramatically

As we head into the second half of June the real estate market here in the Northern Palm Beaches is performing about as expected. Both pending home sales and the number of homes buyers have to select from continue to move lower. But to understand what is going on in your neighborhood you need to dig...

Good news on affordability of Jupiter homes

Here at Paradise Sharks we watch what is going on with the local real estate market very closely. We have to if we want our clients to have the most accurate, up to date, information on which to base educated decisions. Over the past month something big has happened with the median rental...

Strong sales push Jupiter home prices even higher

We are starting to sound like a broken record and the message remains the same again this month. Median single family home prices in the Jupiter area, as of June 1st, moved higher once again as we inch closer to the all time record highs we set way back in 2005. For the 4th straight month, Jupiter home...

Jupiter home prices climb as summertime arrives

Summertime. The Northern Palm Beaches is growing. Changing. Yesterday, about 6:00 I drove by Dune Dogs here in Jupiter and there were over 25 people waiting in line to get a table. Sure the ambiance is beach town cool, the dogs are simply amazing and start at only $2.99 for a regular Naked Dog. But season...

Condos in paradise keep getting more expensive

For the 3rd straight month, the median price on a Jupiter area condo has continued to climb. And what a climb it has been. Back on February 15th that median condo was selling for $208,000. On May 15th it had soared to $227,000 an increase of over 9%. Strong seasonal sales with the lack of quality...

The best value in Jupiter real estate? Commissions

Look around at what has happened to the price of the real estate transaction over the past 8 years in Jupiter. Start with the price of the real estate. In 2010, the median single family home in Jupiter cost $320,000. So far in 2017, that same median priced home is up to $460,000. Just about everything...

Jupiter area home buyers active in May

May is a funny month for home buying in the Jupiter area. In 2015, when we broke all the records for the number of home sales, pending home sales dropped consistently through the month. Last year, home sales were up big during the first half of May and dropped like a rock the second half. This year,...

Jupiter home prices soar to new highs

Pay attention to what has been happening to the value of your home if you happen to live in Jupiter, Florida or anywhere in the Northern Palm Beaches. As of May 1st, the median price of a single family home is up strong for the 3rd straight monthly increase. Over the past month, that median price...

Jupiter real estate market starts "summer vacation"

It happens every year. Like clockwork. When is comes to writing purchase contracts for real estate in the Northern Palm Beaches once we hit May 1st the volume of new contracts starts to fade. And they will continue to fade through the summer months and then some. Historically, we wait at least 5 months...

Jupiter area condo prices up to new 10 year highs

Over the past 30 days, median condo prices in Jupiter and the surrounding communities have made very nice gains. Up 2.6% from where we stood one month ago and up 6% above year ago numbers. As of this morning, the median sales price of a condo in the Northern Palm Beaches sits at $217,500 and that...

Jupiter home prices start to move higher

Median prices of single family homes and condominiums in the Jupiter area have been treading water for quite a while. But with recent strong moves in pending home sales we are finally seeing new price records being set in both market segments. The median price of a single family home in the Northern...

Jupiter home prices make nice jump in March

The median price of a single family home in the Jupiter area was up 2.4% as of April 1st. While that is a solid monthly increase it really is just the latest “yo-yo” like move that has kept prices essentially flat over the past year. As of today, the median priced single family home in the...

Home sales remain brisk in Jupiter area

Seasonal home buying in the Northern Palm Beaches started a bit late this year; January 15th to be exact. Two and a half months later the buying continues and it has been a very strong season for real estate sales. Consider that back in the middle of January, pending home sales in the area were at the...

Jupiter condo prices back up to 5 month highs

The seasonal real estate market here in the Northern Palm Beaches has been white hot over the past couple months. Since January 15th buyers have been active snapping up deals with inventory levels growing and over priced sellers lowering their expectations and asking prices. Median prices on condominiums...

Forget the Fed - interest rates aren’t going anywhere

Paradise Sharks has told you for years to not worry about interest rates. Believe me, we truly care about where interest rates go as nothing else plays a bigger role in how much real estate sells and at what prices. However, we also understand the markets are manipulated and if interest rates rise...

Jupiter pending home sales continue to climb

Home buyers in the Jupiter area are enjoying more choices than they have had for quite a while. Home inventory levels are the highest we have seen in 3 years and interest rates have been treading water at historically low levels. Buyers have been acting and taking advantage of both of these trends. Jupiter...

Jupiter single family home prices unchanged

As of March 1st, the median priced single family home in the Northern Palm Beaches sits at $425,000, unchanged over the past month. Compared to year ago numbers, the median price single family home in the Jupiter area is up by only 1%. While we have seen minor variations in this median price there has...

Confidence in Jupiter real estate continues to climb

Confidence is a funny thing. Six weeks ago confidence in the real estate market in Jupiter was not real good. Pending home sales had not picked up after the 1st of the year as we had hoped. In fact, this very important metric had fallen to 8 year lows and we were searching for answers. Since then...

The top 10 things to do in Jupiter Florida

We own and operate a boutique real estate brokerage and when we named our firm we were blessed to come up with Paradise Sharks. We truly live in paradise and always on the hunt, not only for great homes for our clients, but for places to enjoy life. Our lifestyle is world class and even though this...

Jupiter home sales make a historic jump

I have to say I didn’t see this coming. Over the past month a sleeping giant named home buyers woke up in the Northern Palm Beaches. And the giant roared with pending home sales up today a rather dramatic 39% from where we were a month ago. Certainly seasonal factors were at work but this is a...

Rents on Jupiter homes keep going up and up and up.....

One look at the chart below and it is pretty easy to see that something has to give in the Jupiter real estate market. At least if you think there is anything to the old saying that what goes up must come down. What this chart clearly shows is what has happened to the median rental price of a...

Median home prices in Jupiter area pull back again

For the 2nd straight month the median price of a single family home in the Northern Palm Beaches has trended lower. As of February 1st, the median single family home price in Jupiter and the surrounding communities has fallen to $425,000. This is a 2.4% drop over the past 30 days and more importantly...

Jupiter home sales surge higher

Over the past 9 months there has not been much good news when it came to Jupiter area home buyers writing new contracts. As of January 15th, the number of homes under contract in the Northern Palm Beaches had fallen an amazing 46% since May. Certainly seasonal factors are in force but this time the fall...

Median Jupiter condo prices up 8.9%

Yesterday Donald Trump was sworn in as President of the United States. Today demonstrations are planned all over the place. Welcome to America 2017. Not doubt this signals a drastic change for America and really the entire world with many questions. The press hates Donald and Donald hates the press....

Surfs up in Jupiter but not the real estate market

If you have been keeping up with Paradise Sharks weekly market updates you know that pending home sales in Jupiter and the neighboring communities have been down for many months. We have told you not to worry as the seasonal buying should kick in come January. If you go back and check the first...

Top 10 things to do in Jupiter Florida this season

We own and operate a small real estate brokerage and when we named our firm we were blessed to come up with Paradise Sharks. We truly live in paradise and always on the hunt, not only for great homes for our clients, but for places to enjoy life. Our lifestyle is world class and even though this list...

Plenty of uncertainty in Jupiter real estate market

Not sure there is a better adjective to describe the real estate market in the Northern Palm Beaches than uncertain. Less than two weeks before a new President takes charge and no doubt some uncertainty in Washington as well. We have been told it is almost a certainty that interest rates will rise and...

Jupiter is Palm Beach Counties most expensive address

Those of us lucky enough to live in Palm Beach County know living in paradise offers us a very high quality of living. Sunshine, beaches, palm trees, surf, golf courses, shopping, snorkeling, dining, fishing, margaritas; the list goes on. But there is not doubt that living in paradise is not an inexpensive...

NOW is the time to put your Jupiter condo on the market

If you live in Jupiter Florida and are thinking about selling your condo the time to stop thinking and get acting is now. The reason is simple if you believe historical trends. Year after year there are three months that stand out when we look at the sales of condominiums in this seaside village. March,...

Jupiter real estate commissions fall for 7th straight year

Everyone knows that real estate commissions are negotiable, as is the level of services provided by any brokerage for these fees. It is one reason why Paradise Sharks tells anyone who is even considering the sale of a home to interview at least 3 real estate brokers and ask lots of questions....

Many questions as we kick off another year of real estate in paradise

Goodbye 2016 it’s time to move on. Behind we leave a year where the number of real estate sales in Jupiter and the surrounding communities fell by more than 6% from the previous year. Median prices shrugged off slower sales volume and moved higher by just about 6.5%. Sellers have reacted...

Jupiter real estate waters looking choppy as we head into 2017

Only 10 days left until we ring in the New Year and this is Paradise Sharks last update for 2016 of the local real estate market here in the Northern Palm Beaches. Sales volume declined this year when compared to 2015 but once again median prices of both single family homes and condominiums...

Jupiter real estate market looking tired as we wind up 2016

We always marvel at how time goes by so damn quickly. This is Paradise Sharks last deep look at the Jupiter area real estate market in 2016, and what a year it has been. Median single home prices in the Northern Palm Beaches will be up again for the 5th straight year, adding another 10% and...

Jupiter home prices continue march to record highs

November has been a month of big change. New President, rising stock market, rising interest rates and in the Northern Palm Beaches, rising single family home prices. As of December 1st, the median sales price of a single family home in Jupiter and the surrounding communities hit $440,000. It is the...

Jupiter real estate market settling in after election

Twenty three days ago America voted and in January Donald Trump will be moving into the White House. Change is in the air. Lots of change and much will have profound effects on the real estate market here in the Northern Palm Beaches. After the election, sales of government bonds plummeted driving interest...

Jupiter area condo prices down for 2nd straight month

Ever since the end of the election 13 days ago the markets have been nothing short of crazy volatile. The massive bond market sell off has pushed interest rates to the highest levels we have seen in a long time. Look for them to pull back as Paradise Sharks will remind you again that there...

Post election Jupiter home sales showing strength

Finally the great election of 2016 is over. Still craziness in the streets which is unfortunate but we have a new President. Ot at least we will have in January. Lots of promises made and it will soon be seen how many are kept but no doubt Donald Trump is shaking up the markets. Including the real estate...

Jupiter home prices remain near 10 year highs

If you have been paying attention you know home sales in the Jupiter area have been in a slump. Pending home sales down for six straight months. Down almost 40% in that stretch. Down to the lowest levels we have seen in years. We expect drops this time of the year but not like we have seen in 2016. There...

Jupiter pending home sales are free falling.......

Humming that old Tom Petty song as we pour over the final numbers for our November 1st market update. Never has our country been so polarized by an election and while on one hand the entire $6.5 billion dollar campaign has been fun to watch at times, it really isn’t a laughing matter. One week...

How to sell your home for the most money....it’s actually easy

Maximizing the amount of money you will receive upon the sale of you home is actually very easy. But so few home sellers do the very little required to make sure the check they walk away from the closing table with is as large as possible. It is actually simple if you just do a little preparation. With...

Condo sales in Jupiter area drop to 8 month lows

Yes it is true. We have to go all the way back to February to find a month where fewer condo sales closed in the Northern Palm Beaches. As of October 15th, condo sales in the Jupiter area are down about 12% from the previous month. Looking at the some period last year we are down just about 4%. On...

Jupiter real estate market takes a breather

Thankfully we dodged a bullet last week as Hurricane Matthew stayed well off shore as he passed by Jupiter. The preparation we witnessed was amazing and all here in the Northern Palm Beaches were very lucky. Hurricane season isn’t over but for now it is quiet out there in the tropics. What isn’t...

Jupiter home prices up again to new 10 year highs

A bit of excitement around here the last couple days with Hurricane Matthew swirling out in the Atlantic with end of the world scenarios from the press. Thankfully, he stayed well out to sea when he reached Jupiter and for that we are most thankful. In many ways a hurricane event shares similar elements...

Jupiter area home sales continue to slow

Welcome to October. Autumn in paradise means many things and one is the highest risk period for serious hurricanes and we have one swirling out there right now. Batten down the hatches if you are anywhere in Matthews’ path as right now he is a big and dangerous storm. It also means a great...

Watch for Jupiter condo prices to be under pressure

The last five years have been very, very good for condo owners in the Jupiter area. Each year, all five of them, prices have been up, up, up. Back in 2011, the median sales price for a condo in the Northern Palm Beaches was $126,000 and we all should have snapped up as many of them as we could. So far...

$14 million dollar home sale big news in Jupiter Florida

There is no doubt that the secret is out about our sleepy little beach town here in Northern Palm Beach County. When we hear that one of our famous PGA residents is packing up and moving around the bend on the west banks of the Loxahatchee not real big news. After all the eastern exposure on a 2.5 acre...

Watch for prices of Jupiter real estate to pull back

No the sky isn’t falling. But local real estate prices are high, interest rates have jumped 21 basis points over the last week and we have seasonal trends to throw into the equation. As of September 15th, pending home sales in the Jupiter area have been up over both the two week and one month reporting...

Are Jupiter home prices heading for another bubble?

Anybody who follows Paradise Sharks knows we track real estate metrics in the Northern Palm Beaches like nobody else we know of. The numbers are important for us to know what advice to give our clients, whether they are buying or selling. We believe in the numbers. They told us to put our house...

Jupiter rental prices up to record levels

Let’s face it, the real estate market here in the Jupiter area has been doing quite well. Over the past 5 years median real estate prices in Jupiter have been up each and every year. Median condo prices in Jupiter were $155,000 in 2011. So far in 2016 they have been at $275,000. The median Jupiter...

Jupiter area pending home sales down for 4th straight month

It’s September. Summer is over and fall is in the air. Around these parts that means we are dodging hurricanes. Or at least dodging all the projections the media throws at us about the hurricanes that haven’t come now since October 2005. Come to think about it that was just about the time...

Why your Palm Beach County Homestead Exemption is SO important

If you own property in Palm Beach County your 2016 Notice of Proposed Property Tax statements are in the mail and also posted on-line. If yours is not a homesteaded property you are probably in for a pretty significant increase in your tax bill this year. Not understanding the property tax game can end...

Palm Beach Gardens condominium prices continue to climb

Thankfully the cost of borrowing money is sitting near all time record lows as the median purchase prices of condominiums and single family homes continues to climb here in the Northern Palm Beaches.  Over the past 30 days the median price of a condo in the Palm Beach Gardens area is up for...

Pending home sales in the Northern Palm Beaches down more

If you get one thing from today’s Paradise Sharks mid-month update on the state of the real estate market in the Northern Palm Beaches let it be this fact. Your property is inherently different from any other property. It plays by a different set of rules and what is true for a home across...

Jupiter home prices rebound sharply

It was just a month ago when Paradise Sharks brought you the news that the median single family home price in the Northern Palm Beaches had fallen behind year ago numbers for the first time in 5 years. Median prices had declined for 3 straight months, from $432,500 to $415,000. The median priced single...

Jupiter condos may be getting more expensive

If you didn’t see the news yesterday and own a condo in the Jupiter area, or are thinking about either selling or buying one, pay attention. Close attention. Yesterday President Obama quietly signed H.R. 3700 and what you need to know is it will make it much easier for borrowers to finance condo...

Interest rates down to ALL TIME RECORD LOWS

Remember when Fed chief Janet Yellen warned back in January that more interest rate increases were headed our way. You know, back when the average overnight rate on a 30 year fixed mortgage sat at 3.9%. Well, so much for those inevitable rate hikes as this morning interest rates on that same 30 year...

Jupiter real estate sales down; what about prices

In real estate, nothing is more important than information and yes that includes location. I had a comment on one of our blogs this week that said prices are way overinflated and are right back to 2005 bubble prices that caused me to pause. After all, we have been telling everyone who will listen that...

Make sure your Realtor is focused on YOUR goals

Real estate is not an easy game to play. Finding a real estate broker who knows how to play it well can be very difficult. It’s why Paradise Sharks encourages anyone looking to buy or sell property in any market to interview at least three brokers. Seek one who will understand your goals and put...

Jupiter condo prices pull back slightly after 5 month run

It was bound to happen. Nothing can go straight up forever. But what a nice run it has been for median Jupiter condo prices and those throughout the Northern Palm Beaches. Since January they had been on a straight up run, 5 straight months of higher prices. During that span, the median Jupiter...

Are Jupiter home prices heading for a decline

It has been two weeks since Paradise Sharks brought you the news that median single family home prices in the Jupiter area were down when compared to year ago numbers. It had been five years since that has happened. One metric we follow closely is the number of homes that sell for over a million...

Jupiter area real estate market shows signs......

Here in paradise we expect things in the real estate world to slow down about in the heat of the summer. People just do not buy real estate like they do during our “real season”. Pending home sales fall and they have fallen again in the Northern Palm Beaches; down 4.5% over the past 2 weeks,...

Palm Beach Gardens home prices take it on the chin

We have been telling you that the local real estate market was going on summer vacation. It happens every year about this time. And vacation it is doing with the median single family home price in Palm Beach Gardens and the surrounding communities down for the 3rd straight month. More importantly for...

Northern Palm Beaches real estate market officially on Summer Vacation

Paradise Sharks told you it was coming. Summer vacation where buyers have less inventory to choose from and they don’t buy as much. The beach calls. It’s fun in the sun time. Who wants to go house shopping when that ocean water is feeling so good? It’s summer vacation. The good...

Jupiter condo prices soar to 9 year highs

So far this year nothing has been able to hold back the rise in median condo prices in Jupiter and the neighboring communities. As of June 15th, the median price of a condominium in the Northern Palm Beaches is up for the 5th straight month to $216,500. We have to go way back to 2007 to see higher values. Since...

Mixed Tequesta real estate picture as the summer vacation begins

Paradise Sharks has been telling you summer vacation was coming to the real estate market in Tequesta and the surrounding communities that encompass the Northern Palm Beaches. Expect a summer slowdown in both real estate sales and new listings as there is little doubt as to what is heading our way over...

Rising single family home prices no longer rising in the Jupiter area

  It was bound to happen and it’s actually very healthy for the overall market. For the first time in about 5 years we can finally tell you that the median single family home price in the Jupiter area has not moved higher from where they were a year ago. As of June 1st, the median sales...

Is the Jupiter real estate market heading for a summer vacation

So far 2016 has been a far cry from robust when it comes to real estate sales. Perhaps we are a bit spoiled as last year topped the record books for the total number of real estate sates in the Northern Palm Beaches. So expectations were high. Interest rates were low. On January 1st it was looking like...

How much real estate commission should I pay

The question is as old as the real estate business itself and the answer should always be; it’s negotiable. Real estate is a business and the cost of real estate services cannot be set in stone. It’s against the law. What a seller really needs to ask is, who is going to be best able to help...

Jupiter condo prices up for 4th consecutive month

Median condo prices in the Northern Palm Beaches continue to climb and are back up to ten year highs of $210,000. Sales over the past 30 days have slowed compared to both the previous month and year ago numbers but prices so far are going the other way. Unbelievably, today’s median Jupiter condo...

Jupiter area home buyers pull back in May

Two weeks into May and we can see the strength we saw from home buyers in the Jupiter area during April has slowed. Through May 1st we have had 1,775 resale properties successfully close in the Northern Palm Beaches. When you compare that to last years volume of 1,985 you can see we have a long ways...

Jupiter Yacht Club sale and special 2016 commissions

Paradise Sharks is very pleased to announce the successful closing of unit #106 in The Pointe at Jupiter Yacht Club. Paradise Sharks represented both the seller and buyer on this transaction that closed yesterday. The northernmost tower in the development, residents of The Pointe enjoy unobstructed views...

Northern Palm Beach single family home prices pull back as of May 1st

The median sales price of a single family home in the Northern Palm Beaches continues on a see-saw pattern for the 4th straight month. The trend still remains in the favor of higher prices but no doubt this consolidation pattern bears watching; closely. Paradise Sharks sees signs that next month at this...

Jupiter area pending home sales soar in April

It wasn’t supposed to happen. At least if we look at recent history it wasn’t. April is typically a month to hold our own, tread water, when it comes to writing new real estate contracts. But not this year, as pending home sales in the Northern Palm Beaches took off like a rocket ship during...

Jupiter area condo prices continue to rise

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%. While...

Jupiter area pending home sales hit 10 month high

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 total...

Are Jupiter home prices just months away from all time record highs

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...

Do you know why Burt Reynolds decided to move to Jupiter

Dear 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...

Home inventory growth slows in Jupiter area

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 total...

No charge for closing your real estate transaction? WOW

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...

Jupiter area condo prices up for 2nd straight month

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 buy is on for Jupiter area real estate

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 the...

Are Jupiter home prices headed to all time highs

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...

Jupiter area home sales continue to strengthen

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 craziest Presidential...

Jupiter area condominium prices FINALLY move higher

It has been a long time since we have seen any signs of median condo prices rising in the Northern Palm Beaches. All the way back to June 15th of last year. Since then it had been all downhill but the hill was not steep as median prices over that 7 month period were only down about 8%. During the same...

Jupiter area home inventory rises for 5th straight month

We are in the middle of “season”. It’s when people from all over the world come for our weather, our beaches, our golf courses, our restaurants, our shopping, our amazing quality of life. There are so many variables that determine how many homes they buy while here and one extremely...

Jupiter Love Street homeowners ready to cash in

Yesterday an article by Palm Beach Post Staff Writer Barbara Marshall grabbed my eye and a piece of my heart. We have been somewhat involved in recent discussions about the development of Love Street here in Jupiter and this one hit home. Some absolutely great free advertising for owners of the four...

January real estate roundup for the Northern Palm Beaches

The months roll on by and as we hit February 1st it’s time to bring you accurate real estate numbers for the Northern Palm Beaches once again. Over the past month things have changed, as we now have one of the prime “seasonal” months under our belt. Pending home sales bring us good...

Median Northern Palm Beaches single family home prices soar

We have been telling you it was coming. Even though we still have five days left in the month of January we couldn’t hold back any longer with this kind of news. Median single family home prices in, and around, Jupiter have made a huge move to start the year. As of today, that median price...

Million dollar home sales point to higher prices ahead

At Paradise Sharks we love numbers. We track real estate data every day to keep our finger on the pulse of the market. The same numbers that caused us in 2005 to tell anyone who would listen we were heading for a fall. Numbers tell a story so if you care about real estate values like we do, you pay attention. Sales...

Jupiter area real estate market poised for big season

Interplay of supply and demand is looking most interesting There is no doubt we are entering what historically are the most active weeks of the home buying season. The weeks when home buyers are putting ink on paper and agreeing to buy homes. Last year pending home sales during the month of January...

Median Northern Palm Beaches condo prices remain flat

  7 months since last increase Median condo prices in the Jupiter area continue to underperform their single family home cousins. Over the last 30 days condo prices remain unchanged and over 200 days have passed since we have seen an increase of any kind. When comparing today’s prices...

Northern Palm Beaches pending home sales looking mighty sick

9 months since last increase  Welcome to 2016 and Paradise Sharks very first market update of the new year. We keep sitting, wishing and waiting on the buyers to return to the local real estate market. We are in the midst of the largest seasonal crowd to hit our shores in history but so far they...

Northern Palm Beaches single family home values up again

  Second straight monthly increase after 4 consecutive down months If nothing else, the real estate market here in the Northern Palm Beaches keeps one on their toes. We still have a few days before we call 2015 a done deal and set our sights on the new year. Pending home sales have been poor...

Single family homes sales in Jupiter tell the story

Single family homes sales in Jupiter tell the story Here at Paradise Sharks our mission is simple. To raise the bar on the quality and value of real estate services available to anyone buying or selling real estate in areas we serve. We strive to raise the bar every day. We want professional photographs...

Jupiter pending homes sales increase for the 1st time since April

Is this the spark we have been waiting for  Lets face it, after watching pending home sales in the Northern Palm Beaches fall month after month, after month, after month we need a shift. Twice each month Paradise Sharks brings you detailed updates on pending home sales and for 14 straight reports...

Another new record price headed your way in Jupiter real estate

Jupiter Yacht Club unit goes under contract in 3 days  The top end of the Jupiter real estate market continues to strengthen as the 2015-2016 season starts kicking into high gear. A unit in the Commodore building at the Jupiter Yacht Club hit the market on Wednesday at what seemed to be a lofty...

NEVER let a Realtor put a combination lock box on your home. EVER

  Last nights’ e-mail was a bit frightening Last night I was winding down and decided to check my e-mail one last time. It was 10:00 and one e-mail I found was from an agent I had contacted about 4 hours earlier. It was a  response to a simple inquiry about how his clients’...

Northern Palm Beach County real estate market remains dysfunctional

Inventory levels up to 6 month highs Anyone looking to buy or sell real estate in and around the Jupiter area more than likely have a question about just what is going on. Some segments are doing very well with the best waterfront opportunities selling at record prices. We are seeing brand new record...

NEW PALM BEACH COUNTRY ESTATES LISTING LOOKING TO SET RECORD PRICE

List price exceeds 12 month record sales price by $240,000 If you read our weekly market updates you know the current real estate market is interesting with some segments performing better than others. Median prices for single family homes have finally started to stabilize and have signaled they may...

Northern Palm Beaches real estate market remains a puzzle

Are there brighter days ahead   I have come to trust the numbers when it comes to real estate because they tell a story. They told me a story in 2005 when I told anyone who would listen to sell. They told me a story in 2011 when I told anyone who would listen to buy. I hate the fact that homes...

Come on snowbirds its time to turn this real estate market around

Jupiter area pending home sales drop for the 7th straight month    The real estate market here in the Northern Palm Beaches needs a jolt of energy. Pending home sales continue to decline and the median sales prices of both single family homes and condominiums have been moving lower. We...

Pending home sales in Jupiter area drop for 6th straight month

Lowest mid-month levels since way back in January    Sure, some of it is seasonal. Some can be blamed on questionable inventory. But there is no doubt sales of resale homes in Jupiter and the surrounding areas continue to drop. Down 3.2% from one month ago and down over 30% from where...

Jupiter home inventory shows first signs of stabilization after 8 mont

  Pending home sales pull back for 5th straight month    Summer isn’t over in south Florida. Here the high temperatures and high humidity stay around longer than many parts of the country and I always use the autumnal equinox as my “official” end of summer....

Jupiter Yacht Club unit hits market

Premier waterfront Jupiter location is hard to beat      Anybody who has been watching the Jupiter real estate market knows 2015 has been remarkable. The best properties, in the best locations, tend to sell quickly, at premium prices. The location of The Pointe building does not...

Another big drop in Palm Beach Gardens home inventory

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...

Median Jupiter area condo prices remain at 7 year highs

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...

Will the Dow Jones stop the real estate bull market in its tracks

  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...

Fewer Jupiter Homes to Buy Should Keep Prices Moving Higher

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...

Jupiter Home Prices Pull Back in July

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...

Jupiter Home Sales - No Summer Time Blues Here

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...

More Jupiter Home Sellers Saying No to 6% Commissions

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...

Condo Prices in Jupiter Remain at 7 Year Highs

    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....

Jupiter Area Housing Market Still On Track for a Fintastic 2015

  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...

Median Northern Palm Beaches Home Price Up to $434,000

  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...

Ruh Roh, Jupiter Area Home Inventory Continues to Slide

    If you are a potential home buyer in the Northern Palm Beaches, you know what we are talking about. There just isn’t much out there and when a good new opportunity presents itself you better act fast. Much of what is out there is priced “ahead of the market” and...

Condo Prices in Jupiter Up Again to New 8 Year Highs

Limited supply helps boost prices   Condo prices in Jupiter and the surrounding communities moved higher for the 4th straight month to levels we have not seen since 2007. As of June 15th, the median price of a condominium in the Northern Palm Beaches has moved up to $210,000, a 30 day jump...

Is The Northern Palm Beaches Home Inventory Slide Finally Over

More signs that the number of homes for sale is stabilizing   Frustrated home buyers in the Northern Palm Beaches have not had much to cheer about lately. The inventory for them to choose from has dropped about 15% in a few short months. Interest rates have moved pretty much straight up over...

When Doing Real Estate of Any Kind Get Educated Not Sold

There is a difference especially when it comes to your bank account   When it comes to real estate, knowing the numbers is more than a little important. Back in 2005-2006 the numbers were looking more than a little crazy. We told anyone who would listen that it was a great time to sell....

Palm Beach Gardens Area Home Prices Soar 15% Since February

Median home price sets new 8 year high   Let’s face it, the real estate market here in the Northern Palm Beaches has been fantastic. A few days from officially kicking off summer the action is good. No make that great. Compared to last year, median single family home prices are up 8%....

Home Inventory Levels in Jupiter Drop Again.....but

  It’s going to be a very interesting summer here in paradise   As of today, home inventory levels in Jupiter and the surrounding towns that make up the Northern Palm Beaches, are down about 1.5% from where we stood 30 days ago. Down for the 4th straight month to the lowest levels...

Bluffs Jupiter Homes Are Tough to Find

Three new listings this week will help   It was about a week ago we had clients in town and as we discussed their needs one neighborhood we wanted to at least explore was the single family Bluffs Jupiter homes located beachside. We keep talking about the lack of inventory and when I sent them...

Million Dollar Home Sales Set New Record in Northern Palm Beaches

Amazing rebound shows current strength of real estate market   The last time we took a look at homes that sold for over a million dollars in Jupiter and the neighboring communities it seemed that maybe the market was sputtering a bit. During the month of February only 19 homes sold above this...

To live close to the beach in Jupiter consider Lakes at the Bluffs

Your biggest problem will be finding a property to buy   Back in the 1980’s, DiVosta and Berg was a locally owned company and one of their most famous product lines were the quads with mansard roofs that dot the landscape throughout the Palm Beaches. Beach side in Jupiter just off of...

Why Would You Pay a 6% Real Estate Commission

Asking for a more reasonable fee now commonplace   We started our boutique brokerage for one reason. To do real estate better. Real estate services focused on the customer. Like the old days when the customer truly was #1. Those who follow us know we have been very vocal about many things...

Jupiter Area Condo Prices Tread Water at 7 Year Highs

  Sales volume pulls back from last months record high   There is no doubt the Northern Palm Beaches real estate market is going to be interesting as we head into what historically are the slower summer months. Each month at this time we dig a little deeper into the local condo market...

Home Inventory Levels in Jupiter Hit Record Lows

  Finding a house not an easy task these days   I sit this morning in the Blackhawk Hotel after the first visit to my hometown of Bettendorf, Iowa in many years. Up early to bring you Paradise Sharks latest analysis of what is going on in the Jupiter area real estate market. And...

Jupiter Area Home Prices Jump 6.5% in One Month

Median single family home price in the Northern Palm Beaches sets new multi year high.   The great real estate recovery of 2015 continues with Jupiter area home prices moving significantly higher as of May 1st. During April, the median price on a home sale in the region moved above $400,000...

Will Your New Home Make You Want to Dance?

Make it your focus and you will have won the game   Yesterday, late afternoon I received a call that made my day. It made my weekend. On the other end of the line was a client who purchased a property from us back in 2014 and she was calling to thank me. She leads a very busy and hectic life...

Shrinking Inventory Starting to Hurt Jupiter Home Sales

  Pending home sales drop for the first time since January 1st   The real estate market has been too strong here in the Northern Palm Beaches. On the front lines it is starting to feel like 2004 and believe me that isn’t a good feeling. Prices still are not up to that bubble...

Jupiter Condo Prices Soar.....Up 58.7% Since 2011

  Median Northern Palm Beaches condo prices up 5.8% in just one month     It isn’t a surprise that the median Jupiter condo price moved higher for the second month in a row. Sales in the area have jumped 65% since January while available inventory has declined. We expect...

Jupiter Home Sales Up for 3rd Straight Month to New Record High

Pending home sales highest we have seen in almost 2 years   The 2014-2015 season in Jupiter, and the surrounding communities, has already started to unwind. As predicted, it was a big season. Really, really big. We have never had as many seasonal visitors as we did this year. It does not take...

Jupiter Area Single Family Home Prices up for 2nd Straight Month

First time we have been able to say that in 9 months   One month ago we told you to bet the farm that Jupiter area home prices would be up for the 2nd straight month. We thought it was a sure thing, no doubt about it, easy money, piece of cake. We told you to bet the farm! Turns out prices...

Jupiter Area Pending Home Sales Soar 61% Since January 1st

  But what does that mean for real estate prices......   April is here and you know what that means. Winter is over, spring is here and our seasonal visitors start streaming back home. Especially this year with Easter coming at us early and many returning home to watch their grandchildren...

THE #1 THING YOU NEED WHEN BUYING OR SELLING REAL ESTATE

Real estate is a team sport and you better have the right team If you are going to be doing real estate of any kind, the one thing that will make or break the transaction is teaming with the right Realtor. You must find one whose passion is the customer and helping them meet their goals. They are...

Jupiter Condo Prices Show Biggest 30 Day Gain in 10 Months

Median price in region up 3% as of March 15th   We have to go way back to September to find the last time we reported an increase in Jupiter condo prices. Six long months of median prices in the Northern Palm Beaches condo market either retreating or staying flat. All this talk of a really...

Jupiters Funky Fishing Village is Next Destination of Choice

  Housing inventory in Jupiter’s Funky Fishing Village is only 2.6 months   With only 4 active listings, potential buyers of real estate in close proximity to Jupiter’s Funky Fishing Village, do not have much to choose from. Based on 12 month sales figures the available...

Home Prices in Jupiter Area are Rising.....Heres Why

Pending home sales continue to climb   Its time again to evaluate just what is going on with real estate here in the Northern Palm Beaches. The table is being set for higher home prices in Jupiter and the neighboring communities. Seasonal visitors have been buying and it is welcome relief...

Million Dollar Home Sales in Jupiter Area Nosedive

Lowest monthly total in over 29 months     Let’s face it, living in the Jupiter area we are very lucky indeed. With a median single family home price nearing $400,000 there is still no doubt that those spending a million dollars or more on a property are in what we call the luxury...

Jupiter Area Home Prices Up To 6 Month Highs

Biggest 30 day jump since April 2013   Jupiter area home prices have been on a seesaw since September with no clear cut direction. Up one month, down the next. We have to go way back to July of last year before finding a two month stretch of increasing prices. Pending home sales had been lackluster,...

Palm Beach Gardens Pending Home Sales Off The Chart

Highest numbers since June of 2013   We knew this season was going to be big. We kept telling you it was going to be big but until 15 days ago we couldn’t show you anything in the local real estate market that proved the point. Since then, Palm Beach Gardens pending home sales have made...

Jupiter Area Condo Prices Move Lower Again

Slowest sales month in years to blame for decline   There is no doubt that the south Florida real estate market can change just about as quickly as our weather. After months and months of significant declines in pending home sales the winds of change blew in with strength as we reported a...

Jupiter Pending Home Sales Soar

We told you this season was going to be BIG   Month after month, we have watched pending home sales in Jupiter and the surrounding communities move lower and lower and lower. For nine long months, since April 15th of last year, it had been almost a straight down spiral. Down over 32% during...

Jupiter Area Home Prices Pull Back in January

Weak pending home sales come home to roost   We have been vocal since last year that the 2014-2015 season around Jupiter was going to be big. Really, really big. We have more visitors in town than ever before and they are filling the restaurants, shops, streets and beaches to the brim. Everywhere...

How to Get the Highest Sales Price in Your Neighborhood

Marketing, marketing, marketing     We just got off the phone with a potential client who has decided he is going to sell his home as a FSBO on Zillow. Naturally we were a bit disappointed, not because we really need the business, but we know the odds of him walking from the closing...

Palm Beach Gardens Home Inventory Up Again to 8 Month Highs

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...

Jupiter Area Pending Home Sales Soar to 6 Month High

Snowbirds aid in 15% jump   Let’s face it, home buyers in Jupiter and the surrounding communities have been frustrated. The lack of quality inventory in many neighborhoods had stalled sales over the past six months. From May 1st of last year through January 1st of this year pending home...

Lack of Inventory Blamed for Lackluster Palm Beach Gardens Area Condo

Lowest monthly sales total in years   Let’s get the bad news right on the table. Condominium sales in the Northern Palm Beaches as of January 15th put in the worst monthly performance we have seen in a very long time. Down 25% over the past 30 days. Down 26.5% from the 12 month moving...

Jupiter Area Condo Prices Remain Near 7 Year Highs

Median sales price down slightly for the 1st time since October   While single family home prices have shown some rather dramatic swings over the past few months, it has been steady as she goes for condominium prices in the Northern Palm Beaches. The median price of a condominium in the Jupiter...

Pending Home Sales in Jupiter and the Northern Palm Beaches Keep Falli

Homes under contract in Jupiter remain at the lowest levels we have seen in years   A couple weeks ago we told you the Northern Palm Beaches real estate market was acting a bit schizophrenic and that remains the case. Median prices for single family homes in the area were up sharply in December...

Home Inventory Levels around Jupiter Continue to Improve

  3rd straight monthly increase is good news for buyers     Those who follow our weekly reports know that single family home prices in Jupiter and the entire Northern Palm Beaches region showed solid gains in December. With weak pending home sales numbers buyers, so far this...

Northern Palm Beaches Home Sales Break All Records

  We have come a long ways baby.....   As we look forward to another exciting year for real estate here in the Northern Palm Beaches it is time to take a look back and see just how good 2014 was. And it was indeed another very good year. We ended the year with the lowest pending home...

Single Family Home Sales in Jupiter and the Northern Palm Beaches Warm

December numbers come in strong   Up until yesterday there was little good news to shout about when it came to the real estate market in the Northern Palm Beaches. Sure condo sales, and prices, had done better than single family homes, but 2014 was kind of a ho-hum year. With 2015 here there...

Home Prices in Jupiter and Surrounding Communities Show Sharp Gains

  Largest 30 day upward move in 21 months   Let’s face it, the weather here in south Florida has been amazing so far this winter. If we have anything to complain about it has maybe been too warm. The snowbird crowds have been intense with more people in town that we have ever...

UH OH what happened to Jupiter Home Inventory?

Jupiter home inventory drops for the 1st time since October   We keep looking for some good news when it comes to real estate in the Northern Palm Beaches. Sales have hardly been robust, median single family home prices are down about 9% since July and the streets, restaurants, beaches and...

Northern Palm Beaches Pending Home Sales Drop to Record Low

  Seasonal visitors have not yet provided boost to the local real estate market   We told you this season was going to be big. Really big. If you have tried to find parking at the beach, a table at your favorite restaurant or anything at Jupiter’s new Harborside Place you know...

Palm Beach Condo Sales Beat up on Single Family Numbers

Look for continued volatilty in the real estate market in the months ahead   Paradise Sharks wants our clients to make well informed, educated decisions and with a real estate market that has been fairly volatile this is important. Timing is everything. If you bought a median priced single...

South Florida Median Condo Prices Remain Near Highs

Northern Palm Beaches condo prices remain near 6 year highs Last week we put the “schizophrenic” label on the local real estate market. With pending home sales hovering very near multi-year lows who knows what 2015 will bring. There are signs, but they differ dramatically by property...

Sick Real Estate Market needs a Booster Shot

  Pending Home Sales Down Again When we look at the numbers there is not too much to argue about. The Northern Palm Beaches "sick real estate" market needs help. During September and October we saw a little life with pending home sales increasing for the first time since March....

Home Inventory in Jupiter and the Surrounding Communities Grows

Buyers have more choices - but will they come to the plate? Every two weeks, Paradise Sharks publishes the latest home inventory in Jupiter numbers to keep you informed of what is one of the most important factors when talking real estate. Our next report will not come to you until the new year...

Jupiter Home Prices Continue to Pull Back

For the 4th time in 5 months Jupiter home prices retreat   What a year it has been for real estate in the Northern Palm Beaches. Certainly more of a year where things stood still after what was an amazing year in 2013. As we bring you the last update of 2014 for single family home prices...

November Jupiter Area Home Sales Disappointing

New 10 month low for Jupiter area home sales Things were looking up in the local real estate market, and they still are in all honesty, but one has to be a bit surprised, if not downright disappointed.  The final single family statistics in Paradise Sharks' study of November Jupiter area...

Pending Home Sales in Jupiter Rebound

Increase in pending homes sales in Jupiter as the season kicks into high gear Everything about real estate in this slice of paradise is looking mighty fine as we kick off the last month of 2014. The number of homes for sale, that had been down for 7 straight months, have now increased for 2 straight...

Snowbirds find Jupiter Home Inventory Climbing

2nd straight monthly gain in Jupiter home inventory is encouraging Another month has passed us by. Thanksgiving is behind us and only 24 more days until Christmas. Welcome to December. In Jupiter, and the entire Northern Palm Beaches region, that means a temperature of 77 degrees this afternoon...

Jupiter Condo Prices Confirm Market Strength

Short term move higher in Jupiter condo prices  Yesterday we had the opportunity to eat at Jupiter's newest restaurant and it is just another sign that Jupiter has moved to the top of a premier list of highly sought after areas when it comes to real estate. I am going to do an upcoming...

Condo Sales Pick Up Steam in the Northern Palm Beaches

Condo sales jump 26% as we head into the 2014-2015 season Here we are poolside this warm November morning where at 9:00 it is already a balmy 81 degrees. And why not, as everything seems to be hot right about now. Condominium sales over the past 30 days certainly have been after jumping 26% since...

If you are even thinking about buying a house GET THIS BOOK!

Paradise Sharks authors book on the home buying process As one of the Northern Palm Beaches top agents, Tom Priester the principal broker of Property Sharks Real Estate, was invited to participate in the project last year. Widely recognized for his published articles on market trends in the region...

Home Buyers Pull Back in Northern Palm Beaches

November 15th pending home sales disappointing October single family home sales in, and around, Jupiter Florida were very strong. Surprisingly strong, Lots of sales pushing the median sales price higher. We update condo sales statistics in the middle of the month and while final numbers are not...

Jupiter Home Inventory Climbing for Season

New 4 month high for Jupiter home inventory The real estate market here in the Northern Palm Beaches does keep one on their toes. Sales of single family homes this year started a bit slow, climbed strongly, then fell rather sharply mainly in reaction to home inventory levels that seemed to go nowhere...

Northern Palm Beaches Homes Sales Show Strength

Biggest numbers since August set us up again for rising home prices We have have needed some good news with a struggling real estate market here in the Northern Palm Beaches. Since early summer we told our clients' who were looking to buy we felt their best opportunity to secure a great deal...

Jupiter Home Prices Move Higher

First increase in 4 months is welcoming sign for Jupiter home prices Let's face it, the Northern Palm Beaches single family real estate market has been in a bit of a slump. Like Tiger Woods' golf game, but thankfully for not as long. As of November 1st, median Jupiter home prices moved higher...

Jupiter Pending Home Sales Remain Weak

Gains in Jupiter pending home sales were short lived Blame it on the inventory. Blame it on demand. Blame it on Rio. You can put the blame anywhere you want but the facts are the facts: Jupiter pending homes sales, and those in the entire Northern Palm Beach region, have fallen again. Down 27% from...

Jupiter Home Inventory Increases; Buyers' Rejoice

First Increase in Jupiter Home Inventory Since March 1st Home buyers in the Northern Palm Beaches are frustrated. Frustrated that there is little quality inventory to choose from and buying a home is not an easy task in many market segments. Each client we have that comes to town seems bewildered...

Jupiter Condo Sales Sink to Multi-Year Lows

Jupiter condo sales: Is it the lack of inventory or something more One thing is certain. Jupiter condo sales and those throughout the Northern Palm Beaches have slowed. Dramatically. To the lowest monthly total we have seen in years. We had to redo our charts to put in a new bottom row because this...

Jupiter Condo Prices Slide for 1st Time Since March

Six month run of higher Jupiter condo prices ends as predicted We have been telling you to expect a pullback in median Jupiter condo prices and it has finally happened. And the fall is probably going to continue for at least a couple more months but we still are expecting prices to move higher during...

7 Month Slide of Home Inventory in Jupiter FINALLY Ends

Home inventory in Jupiter increases for the 1st time since February Home buyers in the Northern Palm Beaches should rejoice. Dance on the beach, shout from the Jupiter Lighthouse, jump for joy. It has been very tough to watch the home inventory in Jupiter and the surrounding communities fall month...

More Good News for Pending Home Sales in Jupiter

Important metric up for 2nd straight month With local home sales tanking for 2 straight months and taking single family home prices lower the real estate market has us asking many questions. Last week in this column we asked if this reversal in fortunes was a normal market correction or a big deal....

Frankel Enterprises Bringing a New Level of Luxury Condo to the Northe

Reservations are now being taken for Azure Yesterday I had the opportunity to spend time with some of the main players involved with a new condominium project that has everyone talking. A couple weeks ago I saw the dirt flying at the southeast corner of Donald Ross and Prosperity and wondered just...

Jupiter Home Sales Fall Dramatically.....Again

Second straight significant fall for Jupiter home sales It was exactly one month ago we showed you how the decline in pending home sales were finally affecting Jupiter home sales and those in the neighboring communities of the Northern Palm Beaches. We told you to expect more weakness until our...

Jupiter Home Prices Fall for 3rd Straight Month

Jupiter home prices fall back to March valuations As of October 1st, median single family home prices in Jupiter and the surrounding communities fell again. Down another 3% from month ago levels bringing the three month total drop in Jupiter home prices to almost 8%. If you have been following our...

Pending Home Sales in Jupiter Rise for 1st Time in Five Months

Positive sign as we head into the 2014-2015 season Pending home sales in Jupiter and throughout the Northern Palm Beaches have been in a funk. That funk had the local index down over 25% since the 1st of May to the lowest levels we have seen in years. No doubt the investors who were responsible...

Tiger Woods Restaurant Coming to His Hometown of Jupiter

Harborside Place Announces Tiger's Restaurant Just 12 Days Before Opening Let's face it there has been controversy about Jupiter's new Harborside Place. Just 12 days before Bravo Cucina Italiana opens their doors to welcome the very first paying customers inside her walls a big announcement...

Jupiter Home Inventory Critical as "Season" Arrives

We need new listings to meet demand  October has arrived in paradise. Fall is in the air. The news came yesterday that a Tiger Woods restaurant will soon be open in Jupiter. The 2014-2015 season kicks off and it is going to be busier around here than we have ever seen. People are going to want...

Another Solid Month For Jupiter Condo Sales

Latest figures 12% higher than 2013 numbers While Jupiter condo sales dipped slightly for the 30 day period ending September 15th they remain very solid indeed. Consider that last year this period was the weakest month of the entire year the same cannot be said in 2014. While Jupiter condo sales...

Prado Jupiter Holding Special Design Event

Call us to attend and qualify for huge savings at Prado Jupiter This Saturday, September 27th from 2:00 to 3:00 Standard Pacific Homes is bringing Pottery Barn designers to Prado Jupiter for a very special event. The design experts will be on hand at Prado to give out tablescape tips and other design...

Jupiter Condo Prices Up Again to New 6 Year High

Closing in on $200,000 benchmark As of September 15th Jupiter condo prices are up again. Up for the 5th time in six months bringing us to the highest median prices we have seen in the Northern Palm Beaches since 2008. Demand for well priced units remains high and while sales are pulling back it...

Home Sellers Handbook - Banana Edition

If you are thinking about selling your home think yellow The real estate business is not rocket science but is does take some thinking. Serious thinking and your marketing efforts must be tied to your goals and well planned. If not, you will not succeed. If you see these on-line ads for free home...

Save Huge Money on New Construction in Jupiter

Paradise Sharks "New Construction Splash" Spells Savings Today our friends at Prado Jupiter contacted us to see if we have any clients interested in a few inventory homes they will soon have ready for move in. If you do not know about Prado Jupiter and Standard Pacific Homes then call...

Jupiter Pending Home Sales Show Potential Market Shift

4th straight monthly drop for Jupiter pending home sales.....but You might notice that the title and sub title of today's article are eerily similar to the Jupiter home inventory titles we published yesterday. And that is because the Jupiter pending home sales data is eerily similar and both...

Jupiter Home Inventory Shows Potential Market Shift

7th straight monthly drop for Jupiter home inventory.....but Real estate sales in the Northern Palm Beaches have been dropping and we expect that to continue for at least another couple months. The drop seems to be mostly caused by the lack of quality, well priced inventory, but two straight monthly...

Northern Palm Beaches Home Prices Down Again

2nd straight month of lower home prices Single family home prices in Jupiter and the surrounding communities dropped again as of September 1st. This time the monthly decline was just about 2.5% to $380,000. It was just two months ago prices had risen to $400,000 for the first time since 2007. No...

Huge Monthly Drop in Jupiter Home Sales

Decline of 24% not a big surprise We have been telling you that the volume of Jupiter home sales had to drop. After last months' record volume we knew it was going to happen. The numbers told us this was heading our way and numbers don't lie. When you look at the chart the drop looks steep...

Should I really sign that Buyers Brokerage Agreement?

You can, but do you really want to....... We sat at a closing table a few days ago where we represented the seller on the successful sale of their home. We had carefully reviewed the closing statement and wondered how the buyer would react to the $1,770 being charged to them on Line 704 of the closing...

Abacoa Home Prices Point to Healthy Market Pullback

To date Abacoa home prices are down about 4% this year Nothing is more important to our clients, when buying or selling property in south Florida, than knowledge. That is, if the financial aspects of that transaction are important. While nobody can predict the future, in this day of "easy information"...

Are the good times really over for Jupiter real estate?

4th straight drop in pending home sales is significant As I took some time to enjoy the long Labor Day weekend my mind kept drifting back to the question; Just what on earth is going on with the Jupiter real estate market? At one point, as an old Merle Haggard classic played, I was chillaxin by...

Jupiter Home Inventory Drops for 6th Straight Month

North county home buyers will continue to be frustrated Happy September! And right off the bat we hit you with the same news we did on April 1st, May 1st, June 1st, July 1st and August 1st. Jupiter home inventory is down once again and this time by almost 5% from where we were a month ago. Down...

Interest Rates Plummet to New 62 Week Low

We once again close in on sub 4% money It has been quite a while since we brought you an update on interest rates. Frankly, there just hadn't been any news to bring you. On April 13th the average overnight rate on a conforming 30 year fixed loan sat at 4.26%. A week ago it sat at 4.28%. There...

Buyers can save big money at Kolter's Water Club North Palm Beach

  Paradise Sharks' "New Construction Splash" is your passport to savings Drive south of PGA Boulevard on US 1 and you do not have to go far to see construction starting to take place on Kolter's Water Club. This amazing community along the water is shaping up to be more...

Jupiter Condo Market Continues to Surprise

The upcoming season should be a "doozie" How strong is the Jupiter condo market? The best locations are in high demand, with limited inventory and new opportunities tend to get snapped up very quickly. Take a unit at The Pointe building in Jupiter Yacht Club that was listed 10 days ago...

Jupiter Condo Prices Fall Back Slightly

  First pullback of Jupiter condo prices in 5 months No doubt condominium prices in north county have been on a roll. We have to go way back to February to find the last time Jupiter condo prices retreated. But what has me really scratching my head is the Palm Beach County Appraiser's...

Jupiter Pending Home Sales Not Looking Great

Fourth straight decline is worry some OK I admit it. I am a bit befuddled. We just updated actual home sales and they were up. They have been up almost every month since March. Not quite across the board up, but almost, with sales increasing over 75% in that 6 month span. Today it is time to update...

More bad news for those looking to buy a Jupiter home

Selection of available properties continues to drop   Those looking to purchase a Jupiter home, or one in a neighboring community, continue to be frustrated. It's not easy as quality inventory is harder to find in these parts than a one legged pelican. Each month at this time we take another...

Home Prices Back in Alignment with the Big Mac

After a wild ride two American standards back on the same page Time to have a little fun and see where local home prices stand in relationship to the average cost of an American legend; the Big Mac. We have gone back and compared the median priced Jupiter home with the average annual cost of a Big...

"Summertime Blues" set in as Jupiter home prices drop

First monthly price decline since October If you have been reading our articles you already knew this was coming but Jupiter home prices have dropped as of August 1st for the first time in 9 months. After hitting a new 7 year high just 30 days ago the median sales price of a single family home in...

Another Very Sweet Month to be a Jupiter Realtor

Local single family home sales soar to new record If you run into a Jupiter Realtor these days you can be sure they have a smile on their face. A big smile. In fact, this Jupiter Realtor broke into a huge grin as I was finalizing numbers for today's article. You see I take great pride in knowing...

Is a Jupiter FSBO a Good Idea?

Potential savings but also risk When I decided to sell my first home I contacted the top two real estate firms in the area and asked them to come over and talk. This was in 1983 when the market wasn't that great and interest rates were very high. The "best" of the two told me it would...

Palm Beach County Housing Shortage; Island at Abacoa Case Study

Buyers have fewer options with 6th straight monthly declines Housing inventory in the north county area continues to shrink; the patient is not yet critical but no doubt effecting the market. Significantly. As of August 1st, the number of properties actively for sale has dropped once again for the...

Opportunities are out there; You just have to know where to look

Look for circumstances that create opportunities Today's real estate market in south Florida is hot, just like our summer weather. Prices for condominiums and single family homes have been climbing unabated for months. Inventory levels continue to decrease and well qualified buyers can become...

Hey Shark just what is this "Complimentary Consultation"

Easiest way to see a shark dip his fin into the wallet..... Just today I received an e-mail about an informal meeting we have coming up that stated it lasted about 45 minutes and is usually over "coffee or cocktails". You can bet which one I chose but it really got me thinking about how...

Save Over $12,000 on a Prado Jupiter Home

Join us for the Model Grand Opening at Prado Jupiter Next Saturday and Sunday are big days at Prado Jupiter with the Grand Opening of their model homes.  This incredible community offers a minimum lot size of 1/2 acre with home sites three times that size available. Three-quarters of an acre...

New Post Bubble Record for Local Condo Prices

North County condo prices climb higher.....again For the fourth straight month buyers have pushed the median condo price in Palm Beach Gardens and the surrounding communities higher. Even on slower sales volumes nothing seems to be able to stop prices from reaching new highs. As of July 15th, median...

Palm Beach County Condo Sales Fall Further

New 5 month low as buyers scramble for units Palm Beach County condo sales have dropped for the second straight month to the lowest levels we have seen since our February report. Is demand waning or is supply the problem? Really a little of both with a twist of seasonal factors mixed in for flavor....

Another Drop in Pending Homes Sales - Reason for Concern?

Third Straight Monthly Decline for North County Ah summer. Here in south Florida you never know what you are going to get during the summer months. The weather changes in the splash of a dorsal fin and so does the real estate market. Each month at this time we bring our readers the latest pending...

Home Inventory Levels in Palm Beach County Drop Again.......but

5th Consecutive Monthly Decline As we say goodbye to the first half of July, it is once again time to bring you up to speed on home inventory levels in the northern Palm Beach County region. We anticipated the summer months would bring a slow down in sales volumes and with buyers facing fewer options...

Jupiter Home Sales Looking Very Solid

Latest Numbers 2nd Best Month Over the Past Year Lately everything we have reported about the northern Palm Beach County real estate market has been bullish. Very bullish. That is until our last report on condominium sales which unexpectedly dropped like a big rock in a deep pond. Down a rather...

Palm Beach County Single Family Home Prices Continue to Climb

North County Median Home Prices Hit $400,000 Wow, talk about a straight up climb as we get back up to the $400,000 benchmark. We have not seen that number here locally since 2007 and only at the height of the bubble from 2005 through 2007 have we ever seen higher numbers. In 2004 the average median...

Duke's Lazy Loggerhead Cafe in Jupiter is THE Place

Lazy Loggerhead Customers Know Small is Beautiful As our clients here at Paradise Sharks know,  small is beautiful and the same goes for the best breakfast spots here in Jupiter. Sure, you could go over to one of the major chains like International House of Pancakes but if you were looking...

Pending Home Sales All Over the Map

North County Pending Home Sales Drop for 2nd Straight Month As of July 1st the number of pending home sales in the northern Palm Beach County dropped almost 6% over the past 30 days. They now sit at a 4 month low and trail year ago numbers by almost 11%. Is the market changing? Should we be concerned?...

Home Inventory Continues to Slide & You Want a Deal?

Northern Palm Beach County Inventory Falls for 4th Straight Month Being a buyer in the Jupiter area is not an easy task these days. Those lucky buyers who end up with a "deal" are almost always well prepared and ready to roll quickly when the right opportunity hits. If they do not act...

What the %&#$ Happened to Condominium Sales

Sales in North County drop 38% in one month Wasn't it just yesterday we published an article titled "Local Condo Prices Continue to Soar"? In fact, they were up to the highest levels we have seen in six years and heading towards a 3rd straight year of triple digit gains. Something...

Local Condo Prices Continue to Soar

Up once again to new multi-year highs The median sales price of a condo in the northern Palm Beach County region is up again. As of June 15th the median price was up to $190,000; a level that we have not seen in these parts since 2008. Nowhere in the world of real estate is the ride more like a...

North Palm Beach Home Inventory Levels Fall for the 4th Straight Month

  Buyers choices limited in today's market We have to go back 7 long months, all the way back to November 15th, to find a time when home buyers had fewer opportunities in the North Palm Beach area. As of June 15th, we have had our 4th straight monthly reduction in local home inventory...

Can Somebody Please Help Me Understand this Interest Rate Thing.......

Interest rates move higher for the 2nd straight week Frankly interest rates are starting to bore me. Interest rates are one of the very most important factors that control the direction the real estate market is heading. I watch them daily, have for years as they are that important. It was drilled...

Palm Beach Gardens Pending Home Sales Fall for 2nd Straight Month

This summer is going to be very interesting...... Single family home sales in the northern Palm Beach County region have been red hot; up over 63% since the low we hit with January sales. Condo sales were up almost 70% during the same period. Strong numbers, very strong numbers but still far below...

Kennedy Homes Bringing Villa Diamante to Jupiter

Intimate neighborhood of Italian inspired town homes planned for Villa Diamante While we have little land on which to build here in Jupiter there are small parcels attracting big names and we are very pleased to see Kennedy Homes bringing their talents to town. If you haven't heard of Kennedy...

Why Inspection Day is my Favorite.....

Kicking the tires is great but when the mechanic comes..... One of my favorite days in any real estate transaction is the inspection. It is the day we bring in the pros to see if my background in construction made sure I provided my clients proper direction.  This afternoon our inspectors...

If your home is for sale just how safe is it?

If your home is on the market you need to know the difference between lock boxes One thing is for sure; when selling your home the easier it is for agents to show the property the better. The whole key is getting the right buyer through the front door and the fewer obstacles in their way the better....

More Buyer's Fins Coming to the Surface in Palm Beach Gardens

Home sales in Palm Beach Gardens hit new 11 month high As we reported here yesterday, prices on single family homes in the Palm Beach Gardens area continue their climb. Up to another new 7 year high; for the 7th straight month. The one thing we need to keep this pricing momentum moving is strong...

Price Cut on Jupiter Inlet Colony Home of Olivia Newton-John

Price dropped another $100,000 as Olivia Newton-John looks for buyer It has been about 10 months since their contractor committed suicide in the Jupiter Inlet Colony home. Last August, the property was listed at $6.2 million and Rosie O'Donnell was all set to purchase the intracoastal home on...

Jupiter Area Home Prices Climb Higher and Higher

Since November 1st prices have been straight up The median single family home price in the northern Palm Beach County region as of June 1st hits yet another high. Month after month prices have been climbing for over 200 days. Owning your own piece of paradise is not getting any less expensive. Every...

2014 Florida Hurricane Season is Officially Underway

Just how long can Florida go with no hurricanes It has been a long time since Florida has had a hurricane to deal with. A very long time. A record breaking long time. As we start off our 3rd day of the 2014 Florida hurricane season one can only wonder if we can continue our record breaking streak...

Tequesta Area Pending Home Sales Fall to 3 Month Low

First decline after 4 straight months of improved numbers As we say goodbye to May and hello to June we are facing the summer months in south Florida head on. While we are still 19 days away from the "official" start all the signs of summer are here. Memorial Day has past. Our winter visitors...

Interest Rates Hit New 49 Week Low

It's a big old goofy world indeed Go figure. Four straight $10 billion dollar cuts. Monthly stimulus designed to lower interest rates slashed from $85 billion dollars each month to $45 billion dollars. The program designed to keep interest rates artificially low to spur the economy to new heights....

Palm Beach Gardens Area Home Inventory Levels Fall Further

3rd Straight Monthly Drop Means Fewer Options for Buyers No 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...

New Construction on HUGE Lots Selling Fast in Jupiter

Paradise Sharks provides a minimum $10,000 credit to their clients at Prado Finding a home on an estate sized lot is not an easy task in the Jupiter area. But Standard Pacific Homes is making it easy with their new Prado development. We're talking lots up to an acre and a half and the demand...

Do I really have to pay 6% to sell my home?

You certainly can.....if you want to   But the real answer is you do not have to. In fact, I will go out on a limb and say if you do pay 6% you are paying more than you have to. To prove my point, in my hometown of Jupiter, during the month of April a total of 200 properties were successfully...

Condo Sales in Juno Beach Area Near Record Highs

Volume of sales continues to impress One thing that is needed to keep the impressive price increases we have seen lately in northern Palm Beach County condos is sales. And sales for the month ending May 15th certainly did not disappoint. While they were down very slightly from the levels we experienced...

Jupiter Condo Prices Stronger Than Superman

  One month jump of 8.4% brings us back to 5 year highs   There is no doubt about it; condo prices are much more volatile than single family home prices. There is no doubt about it; condo prices and single family home prices had been moving in different directions for about 7 months....

This Isn't Your Grandma's Movie Theatre

Cinepolis Luxury Cinemas coming to Jupiter Things in Jupiter continue to change. For the better, maybe. But then again, maybe not. But the excitement coming to the corner of US1 and Indiantown Road continues to grow with the grand opening of Harbourside Place getting closer and closer. And right across...

3 bedroom home for sale in Mallory Creek in Abacoa

Don't miss this hard to find Magnolia model 3 bedroom home for sale in the Mallory Creek subdivision of Abacoa in Jupiter Fl.  Contact Tom Priester of Paradise Sharks Real Estate for a private showing of this pristine residence. Please enjoy this high defintion video tour -    1487...