Tom Priester's Blog

  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 ...

  To date Abacoa home prices are down about 4% this yearNothing 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 inform...

  4th straight drop in pending home sales is significantAs 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 ...

North county home buyers will continue to be frustratedHappy 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 17...

We once again close in on sub 4% moneyIt 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 were...

Paradise Sharks' "New Construction Splash" is your passport to savingsDrive 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 than spectacular. Buyers have...

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 at $1,075,0...

First pullback of Jupiter condo prices in 5 monthsNo 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 office. If you...

  Fourth straight decline is worry someOK 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 upd...

  Selection of available properties continues to dropThose 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 look ...