Paradise Sharks Real Estate

12/16/2022

As we say goodbye to 2022 the local real estate markets remain unsettled.

Inventory at two year highs, home sales down 34% with median single family home prices at 10 month lows.

Season is coming and anything can happen, so pay close attention if your home’s value is of importance to you…….

It’s hard to believe that the year is almost over, but it is. The next detailed Jupiter area real estate market update to be published by Paradise Sharks Real Estate will be in 2023. It's been a wild and crazy year and n...

12/13/2022

Paradise Sharks Real Estate will have an amazing rental opportunity in downtown West Palm Beach heading your way as early as next week. Two bedrooms, two bathrooms with amazing intracoastal views.

Wait until you see this opportunity and be fast as we are going to rent it out quick like a bunny...

12/12/2022

It’s hard to believe in just 3 days Paradise Sharks Real Estate will be publishing our last detailed market update of the year. Just the around the corner, we welcome 2023 and it’s bound to be another very interesting year for the Northern Palm Beaches real estate market.

Where things go from here is anyones guess but the million dollar buyer is likely to tell us where the overall market is heading. The national economy is going to play a very important role in their sentiment.

The high end buyer disappeared a bit in November with closings above that million dollar threshold. Sales fell a rather significant 29% from the previous month and an even more dramatic 48% from year ago numbers. We have not seen a slower month for closings since May of 2020.

With season coming, is this a significant fall or just another twist in the pandemic driven mania that has controlled the local real estate market for so long now?

Stay tuned as Thursday’s article is going to set the table for what one might expect in the coming year.

Crazy days for sure…..

12/10/2022

Looking at the current market statistics in Cielo gives us a very good look at what we are seeing in many neighborhoods throughout the Northern Palm Beach area. While prices remain at lofty heights, the table appears it could be set for that to change. How much is anyone’s guess as sales have slumped 29% in Cielo since March.

So hard to say in a market dominated by million dollar plus sales, but in Cielo days on market for active listings is up 885% from the most recent sales numbers. That’s dramatic, as is the massive jump in inventory, we are seeing throughout the region. Interest rates, while currently in pull back mood, are still up considerably from what buyers have enjoyed for many years.

Strong seasonal buying historically starts in less that 5 weeks and pending home sales above a million dollars have remained pretty strong. Its possibly going to be a wild ride, so hang on, and remember that Paradise Sharks Real Estate is still offering our amazing 3.5% total commission on most homes in the Northern Palm Beaches.

It’s been well over 6 months since we brought you an update on the real estate market in Cielo, so let’s take a quick look at what has happened since then. Never has it been more important for buyers and sellers to look ...

12/04/2022

Every month about this time Paradise Sharks Real Estate likes to check in on the Jupiter single family home market. It’s another metric that is so important in helping us determine where the local real estate market is heading so we can properly advise our clients, friends and neighbors.

Since last month;

The number of single family homes on the market has increased over 3%
61.5% of those homes are listed above a $1 million dollars.

Median list price has dropped almost 4%.

The number of price decreases we have today is the highest we have seen since August.

Days on market for active listings has jumped over 6%.

If doing anything real estate in today’s market make sue you are going in with your eyes wide open. Get educated, not sold.

Remember that Paradise Sharks Real Estate offers an amazing total commission of 3.5% on most Jupiter homes and if we don’t do exactly what we say we insist you fire us. Today’s median single family home price in Jupiter sits at $885,000 for the year.

The difference in our 3.5% total commission and a 5% commission offered by another broker is a more than a little significant $13,275. That’s money in your pocket; not ours.

If Paradise Sharks Real Estate can ever be of help in any way; even to answer a simple question just let us know. You will find us very easy to reach at 561.308.0175 or [email protected].

Fins up……

12/02/2022

Local home prices down to the lowest we have seen in 10 months. Not exactly a huge deal in my eyes. Season coming. Million dollar market remains strong and the start of a traditionally strong seasonal home buying season is just 6 weeks away.

If you want the real story about the Northern Palm Beaches real estate market make sure to read today’s market update proudly brought to you by Paradise Sharks Real Estate…..

We’ve all seen the headlines; “buckle up for a free-fall in home prices”, “the market is falling off a cliff’, “housing is in a massive bubble”. Please realize that this hysteria comes from our press whose main goal is t...

12/01/2022

Welcome to December and the years final month before we turn the calendar to 2023.

Tomorrow Paradise Sharks Real Estate will be publishing our very last first of the month update for 2022. Crazy how fast this year has flown by.

November was another VERY interesting month in the Jupiter area real estate market. Tune in tomorrow for the entire story as it’s a good one.

The number of homes under contract in the Northern Palm Beaches fell again in November. Only slightly, but enough to set another modern day record low which isn’t exactly great news for the real estate community.

Want the rest of the story on inventory, prices and where this market may be headed? Then stop in tomorrow as Paradise Sharks Real Estate will have it all for you right here.

11/20/2022

Since April, in Palm Beach Gardens Evergrene neighborhood, active listings are up 250%, interest rates are up 40%, days on market is up 14%, inventory levels up 252% and cash buyers have declined.

However, median sales prices are still up 4%. Go figure.

As John Prine used to sing, it’s a big old goofy world and we have front row seats. Season coming so hold on to your wallet as literally anything can happen as we have seen over the past couple years.

I love this crazy world of real estate and helping others make informed and educated decisions……

With the real estate market very confusing at this time, and different developments experiencing far different inventory and pricing issues, it is critical for both buyers and sellers to be full educated. It’s been over ...

11/17/2022

Median single family home prices in the Jupiter area are back up to $850,000 even as sales slow to the lowest we have seen in 29 months.

Season is only 2 months away. Will the traditional buying patterns return, pushing prices back up to new highs?

Time will tell….

The Northern Palm Beaches real estate market remains one interesting place to be making a living. Closings of single family homes durning October were the slowest we have seen since May of 2020. That’s 29 months!

11/13/2022

Nothing like an email with feedback as wonderful as this to make you feel special. It's exactly why Paradise Sharks Real Estate is in business.

To help others, to provide amazing customer service and to save our clients money. This particular client was a single mother, small business owner and first time homeowner. At closing I gave her thousands of dollars in credits; not because she asked, she didn't even know I was going to do it. I did it because I wanted to.

Paradise Sharks Real Estate is different.....by design. Its who we are. It's are passion. It's how we roll.

If we can ever interview to earn your trust and your business please feel free to contact us anytime at 561.308.0175 or [email protected].

11/13/2022

Jupiter home inventory soars to 23 month highs!

it's hard to believe that November is almost halfway over and that 2023 is just around the corner. That means in just 2 days Paradise Sharks Real Estate will be bringing you our 11th mid-month market update of the year.

Season, and hopefully traditional seasonal home buying, is closing in on us and boy does the local real estate market need a boost.

As of today inventory, so far in November, has jumped another 6% and currently sits at the highest levels we have seen since December 2020.

If you want to hear the rest of the story you'll have to tune in on Tuesday.......

11/07/2022

New single family home listings soar in Jupiter.

A month ago when we checked in to the single family home market in Jupiter there were 13 new listings. Today that number has ballooned to 40, or a jump of 308%. Total active listings have jumped from 208 to 252. The percentage of active listings priced above a million dollars is hanging steady at 62%.

2022-23 season is closing in and this market could go many directions so stay tuned.