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Tequesta, FL Real Estate News

By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
Tequesta florida market piced up in January and is receiving much interest in February, looks as a very active season for South Florida.  The biggest benefit in this monthly marketing report for our readers is to provide content rich local information from a trustworthy source. Understanding that an educated buyer and seller when provided with the latest facts in our marketplace creates trust and develops relationships to make educated decisions when it comes to buying and selling real estate. I hope you enjoy the reports and look forward in discussing any questions that you might have in one of the most desirable real estate markets in Florida, Palm Beach County.
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 2/12-2/18/12     Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Jupiter Hills Village Townhouse 3 3.5 2,525 $695,000 $675,500 2-15-12 North Passage Single Family 4 2.5 2,804 $609,900 $590,000 2-17-12 Tequesta Cay Condo 3 2.5 1,954 $164,900 $170,000 2-15-12 Turtle Creek Condo 2 2 1,400 $99,500 $99,500 2-17-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 2/05-2/11/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Lighthouse Cove Condo 1 1 867 $91,000 $90,000 2-08-12 Little Club Condo 1 1 816 $40,000 $39,000 2-10-12 Tequesta Hills Townhouse 2 2.5 1,325 $99,000 $80,000 2-08-12   For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Brings Us Good News When Compared to NeighborsI am the luckiest guy in the world. Not only do I have an incredible family and wonderful friends but I live in Paradise running around in shorts and flip flops working in the best industry in the world. And I get to do it during the craziest real estate market ever encountered and it is always interesting and challenging. I am honored to serve on the Agent Leadership Council of Keller Williams Realty (the BEST real estate firm in the world) and next week we head off to our family reunion where thousands of the best agents meet to learn more about the current status of our industry.   And the timing couldn’t be better as we are seeing metrics that I have never witnessed before. January sales figures in the northern Palm Beach County...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Inventory Levels Jump 4% in JanuaryWhere on earth did January go? Here in southern Florida we have had an amazing season so far with weather we all dream about; or at least our northern friends do. We started the year with plenty of optimism about the continuation of the local real estate market recovery. We all tend to judge how things are going based on our own activity and I can tell you my days start early and end late and busy is not a strong enough word. Inventory levels are one of the most important metrics we watch and that is why we review them in this article each month at this time. So many factors have a great influence on the real estate market but inventory levels and the quality of that inventory have a huge impact on sales. And that impact is both on the number ...
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 1/22-1/28/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Jupiter Hills Single Family 5 5.5 3,819 $1,545,000 $1,130,000 1-27-12 North Passage Single Family 3 2 1,473 $168,000 $160,000 1-23-12 Tequesta Oaks Townhomes 3 2 1,298 $180,000 $180,000 1-23-12 Tequesta Towers Condo 3 2 1,807 $445,000 $305,000 1-27-12 Turtle Creek Condo 3 3.5 2,279 $340,000 $310,000 1-26-12   For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com  
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
Listing: Tequesta Oaks Tequesta Oaks LISTING PHOTOSClick photo to enlarge $215,000 Community Pool Oak Lined Streets Private Entrance Community Pool Kitchen Dining Area Living Room Master Bedroom Large 2 Car Garage with Storage Price: $215,000 61 Laurel Oaks Cir Tequesta FL, 33469 Read Our Review of this CommunityLink to Google™ Map Listing Agent: Donald L. Urschalitz P.A. Type: Town Home 55+: No Bedrooms: 3 Pets Allowed: Yes Bathrooms: 2.5 Dockage Available: No Stories:   View: Garden Square Feet:   Waterfront: No Gated:   Waterfront Type:   Amenities: Community Pool, Cabana, Jogging Area Activities: Dining, Shopping, Movies, Theater Beautiful 3 bedroom 2.5 bath 2 car garage with screened patio townhome. Built solid by Divosta sub flooring between floors are concrete. Granite counter to...
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
    Tequesta Market Report 1/15-1/21/12    Community    Sub Type   Br   Bath   Sq Ft   List Price   Sold Price   Date Sold   Heritage Oaks   Single Family   4  4.5  3,510  $750,000  $675,000  1-17-12  Indian Hills    Single Family   4  5.5  4,454   $3,295,000  $2,900,000  1-17-12  Jib Club  Condo  3   2.5  2,300  $550,000  $498,000  1-20-12  Pines of Jupiter   Condo  1  1  864   $59,000  $40,000  1-20-12  Tequesta Country Club   Single Family  6  7  5,947   $3,500,000  $3,000,000  1-18-12  Tequesta Gardens   Condo  2  2   910  $59,750  $59,750  1-18-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com    
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta  Market Report 1/08/-1/14/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Casa Del Sol Townhouse 3 3 2,811 $399,000 $335,000 1-11-12 Tequesta Country Club Single Family 4 3 2,620 $1,395,000 $1,200,000 1-12-12 Jupiter Hills Single Family 4 5 5,973 $1,995,000 $1,300,000 1-10-12 Key West Village Single Family 4 3 2,824 $725,000 $710,000 1-9-12 Chapel Court Single Family 3 2 1,309 $234,000 $234,000 1-13-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Pending Home Sales Unchanged in Tequesta South Florida real estate seems to be starting the new year off on the right foot, interest rates sit today at another record low, single family home sales in the region were up strongly in my last article and everyone in the office seems to be in such a great mood. The upcoming weeks are full of important meetings in my life at Keller Williams with a regional Agent Leadership Council meeting coming up in Davie and our annual Family Reunion we are so lucky to be holding in Orlando this year. Excited to sit down and prepare my first pending home sale article of the new year and see how things are coming in the trenches.     Pending sales are the most accurate predictor of what transactions we can reasonably expect to close escrow in the coming 30 ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Single Family Home Show Largest Gain Since February 2011As I sit down to finish up my final articles about the metrics of the 2011 south Florida real estate market I am excited about what the new year will bring. There are many positive signs and I am looking forward to finishing up this review of December sales in the region so we can put together the recap of 2011 and our projections for 2012. But first things first let’s see how things panned out in the final month of 2011. During December our real estate sales power rankings ended up looking like this;    #1 Tequesta up 57%    #2 North Palm Beach up 50%    #3 Palm Beach Gardens up 31%    #4 Hobe Sound up 10%    #5 Jupiter up 5%    #6 Juno Beach down 66%Last month we reported how sales were down throughout the north Palm Bea...
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Real Estate2012, 2011, 2010, 2009, 2008, 2007 Market Report Price Ranges 2012 Inventory 2012 Sold 2011 Sold 2010 Sold 2009 Sold 2008 Sold 2007 Sold 0-300,000 91 2 133 126 106 99 73 301,000-500,000 65 0 44 45 46 35 33 501,000-1,000,000 56 1 38 40 26 25 49 1,001,000 + 55 0 1 17 16 20 27 Totals 267 3 239 228 194 179 182 Source: Florida Regional MLS query performed on January 11, 2012.   Your Ultimate TeamJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Nice Reduction in Tequesta Inventory Levels Happy New Year. January 1st has finally arrived and with it the anticipation of another year and what to expect in the south Florida real estate market. Looking back there is no doubt that we made great strides during 2011 in returning to somewhat normal conditions. In about a week we will be putting together our year end review and I think everyone will be happy to see how strong our foundation is compared to a year ago. One metric that we closely watch and bring to you on a monthly basis is the changes to the inventory of homes available for sale in the various markets of north Palm Beach and southern Martin County. If anyone was watching in 2005 they would have seen how inventory continued to increase throughout the year and it was when the...
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By Malinda Montgomery RSPS AHWD TMS-Realtor
(Gaffs Realty)
Tequesta, Florida Overview Tequesta, FL Virtual TourTequesta, FL Golf CoursesTequesta, FL MarinasTequesta, FL Dining Guide Tequesta's natural beauty and serenity of the river to the deep blue ocean, tempts people in search of a pleasant friendly environment. This village has a unique history around its founding. In 1955 a bridge tender was asked by Charles Martyn to describe the area that is now the Village of Tequesta. His reply was, "It’s just a jungle". Inspired by the remarks, Martyn asked for a tour of the area. As the two men traveled the Inlet and intracoastal waterways by boat, Martyn was immediately intrigued by the natural beauty and potential of the area. He bought 86 acres on Jupiter Island where he developed the Jupiter Inlet Colony. While excavating the site, Martyn's crew...
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 12/11/-12/17/11 Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Little Club Condo 2 2 891 $41,000 $ 46,000 12-15-11 Scrimshaw on the Bay Townhomes 3 3.5 1,673 $419,900 $345,000 12-14-11 Tequesta Pines Single Family 3 2 1,809 $240,000 $240,000 12-16-11 Turtle Creek Single Family 3 3 2,855 $595,000 $535,000 12-16-11 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 12/04/-12/10/11 Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Heritage Oaks Single Family 3 3 3,123 $455,000 $417,000 12-09-11 Jupiter Cresta Single Family 4 2 1,561 $224,777 $ 224,777 12-08-11 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Pending Home Sales in Tequesta Down Slightly   The local real estate market continues to change on a daily basis and the traditional ebb and flow is amazing to watch. This is our last update of pending home sales in 2011 and what a year it has been. Inventory levels have shrunk dramatically, prices remained under pressure, sales have been solid and we are well positioned for heading into the new year.   Pending sales are the most accurate predictor of what transactions we can reasonably expect to close escrow in the coming 30 to 60 days. Each month we track 5 different municipalities and bring those numbers to you to keep you in touch with where the market is heading as this affects everyone who is, or contemplating, either selling or buying property.   Last month pending sales were spl...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Home Sales Stall in NovemberAfter a very solid, but mixed, month of sales during October I was anxious to see how things panned out in November. As reported earlier in the blog interest rates are at record lows, pending sales were also very solid but mixed and we have seen a slight increase in inventory levels. There is no doubt that the lower inventory levels we have been experiencing have an impact on sales so let’s look at the final numbers for last month. During November our real estate sales power rankings ended up like this;    #1 Juno Beach    #2 Palm Beach Gardens    #3 Jupiter    #4 North Palm Beach    #5 Hobe Sound    #6 Tequesta down 60%None of the markets we cover in this report showed increased sales in November which is the first time we have seem that for a long ...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Home Buyers Happy to See Additional InventoryInventory remains a problem for buyers looking for a new home these days in southern Florida. Just ask any of your friends who have been looking and you will hear the same story. We have been so spoiled over the past 5 years with excess inventory and options galore that buyers who remain very price conscious looking today are disappointed. 2011 has been an amazing year for further recovery and sales remain strong. It is going to be very interesting to watch where we go from here and because this business is so interesting it is why I enjoy what I do so much. Finding the right opportunity is not impossible as we have closed some amazing deals for clients over the past couple weeks that I cannot believe. Buyers just need to clearly, an...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Pending Home Sales Up an Astonishing 35% in Tequesta   The local real estate market continues to show amazing strength. If one reads the paper or turns on the TV news one would think that the sky is falling. From the front lines of the south Florida real estate market and I am active throughout Palm Beach and Martin Counties I can tell you somebody forgot to tell home buyers in our area. Inventories continue to shrink and finding properties continues to be a challenge. The hottest segments continue to be single family homes under $400,000 and well priced waterfront properties.   Pending sales are the most accurate predictor of what transactions we can reasonably expect to close escrow in the coming 30 to 60 days. Each month we track 5 different municipalities and bring those numbers to ...
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