Tequesta, FL Real Estate News

By Waterfront Properties
(Waterfront Properties & Club Communities)
Heritage Oaks is a stunning, private community found in Tequesta, Florida. Heritage Oaks is highly acclaimed for its oak-lined streets and its quiet atmosphere. The community is comprised of 200 single-family homes. The Homes for Sale in Heritage Oaks range in a variety of styles from Victorian to Mediterranean and they all boast large properties, from one-third to a half-acre in size. Many of the homes are designed to feature three to four bedrooms with spacious floor plans from 2,000 to 4,000 square feet. Details like hardwood and marble floors, high ceilings, granite countertops and expansive river and lake views make these homes so desirable.    Residents of Tequesta Homes for Sale enjoy a long list of great amenities. You will have access to the Loxahatchee River and Jupiter Inlet...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Absorption rate in Tequesta drops 25% Year after year, for almost seven years, we have had to report news of sliding prices as we continue to pay the price for the big real estate bubble that popped in late 2005. But as Bob Dylan says “the times they are a changin’”. With each month that passes us by the eventual recovery has to draw closer and with the trend we have seen in local markets one might say that recover has been here and the bottom has finally been set.   Each month around this time we bring you updated numbers for the absorption rate in the Northern Palm Beach County area. These numbers, and especially the trend we see in these numbers, are critical when understanding how inventory and demand interact and what role they will have in future price movements. As interest rates...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta single family home sales remain above 12 month average Everywhere one looks there are signs of the troubled housing market finally recovering with a firm foundation. Bidding wars have become commonplace with properties selling above list price and in some cases above appraised valuations. As we turn from the spring buying season to the summer months things have changed and buyers in the northern Palm Beach County area are finding that it is not that easy to find a home.   There are certainly bumps in the road ahead with millions of homeowners across the country owing more on their mortgages than the property is worth and the level of foreclosures expected to pick up in the coming months. But the demand seems to be stronger than the supply locally and it sure feels like we are s...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Inventory Level Declines 6% in May The real estate market in south Florida remains extremely strong with buyers scrambling to find the right opportunities and take advantage of interest rates that keep setting new historical lows. Inventory remains a significant issue with a shortage of well priced homes in many price categories putting measurable upside pressure on the market for the first time in over 7 years. Some experts are reporting they feel banks are “hoarding” foreclosures and the upswing in housing prices is temporary in nature and will reverse course once much of the “shadow inventory” is released. We keep a very close eye on new bank inventory hitting the market and to date in the northern Palm Beach County area the REO inventory that does hit the market are lower p...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
Tequesta Florida housing numbers are in and May was a very acftive month on closed sales. 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 Palm Beach County Florida,
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
Tequest florida housing report in for may showed a strong and active market for may. 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 Palm Beach County Florida,
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By Waterfront Properties
(Waterfront Properties & Club Communities)
Found in Tequesta, Florida on the Loxahatchee River is the peaceful area of Anchorage Point. Homes for Sale in Anchorage Point overlook the serene waters and showcase the sunsets. The homes are highly detail and impeccably built with features including vaulted ceilings, expansive kitchens, custom fire places, private docks and boat lifts.    For those who love the south Florida lifestyle, look no further than Anchorage Point Real Estate. This community is perfect for enjoying fishing and boating, where you will just be a few miles from the Jupiter Inlet, Intracoastal Waterways and ocean. If you would like to learn more about Tequesta Riverfront Homes, please contact:    The River Team  Rob Thomson, Laurie Elliot, Linda Blackwell & Brewster Kump Watefront Properties & Club Communities 8...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
  City of Tequesta, FL Market Stats for the 1st Quarter of 2012 Stats and facts about the City of Tequesta, Florida, are out for the last quarter ending in March 2012.  The report is pack with informative information about the county and the local city mentioned above. In a nut shell the inventory of homes available for sale are at a 3.2 month selling point which is down nearly 61.7% from a year ago. That’s a good sign things are loosening up and people are buying. Click on this link, for more graphs and stats. Whether you are buying or selling in this hot market of the City of Tequesta, FL, choosing the right company with save you money, time and many sleepless nights. I not only have 28 years experience as a Realtor, construction was a passion of mine as well. This alone is worth so m...
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 5/26-6/2/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Broadview Condo 2 2 1,250 $259,900 $251,500 5-29-12 Claridge Condo 3 4 3,500 $1,999,000 $1,725,000 5-31-12 Island House Condo 2 2 1,600 $425,000 $335,000 6-01-12 Island House Condo 2 2 1,112 $299,000 $260,000 6-01-12 Passages Jupiter Island Condo 3 3.1 2,846 $1,075,000 $1,005,000 5-28-12 Tequesta Country Club Single Family 4 2 1,882 $316,000 $290,000 5-31-12 Tequesta Trace Condo 3 2 1,210 $149,500 $138,000 5-31-12 Turtle Creek Condo 3 2.5 1,900 $149,000 $135,000 5-30-12 Wendimere Villas Condo 2 1.2 1,024 $69,900 $68,000 6-01-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One ...
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 5/20-5/26/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Rivercrest Single Family 4 5.1 8,636 $4,250,000 $4,025,000 5-24-12 Scrimshaw Townhouse 3 2.1 1,705 $524,000 $500,000 5-23-12 Tequesta Oaks Townhouse 3 2 1,441 $189,000 $185,000 5-21-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Absorption Rate up 12% We continue to see positive news from the local real estate markets with an increase in pending sales and higher median prices reported throughout the region in April. Momentum seems to be gathering steam with interest rates continuing to slide and inventory levels continuing to shrink. But there are still dark clouds out on the horizon and anyone saying we are out of the woods is ignoring the high level of mortgages in foreclosure trouble still on the table. Combined with general economic news that hardly paints a robust business climate we continue to watch the various metrics surrounding the local real estate market to give those interested a peak of what might be heading their way.   Each month around this time we bring you updated numbers for the abs...
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By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
  City of Tequesta, FL Market Stats for the 1st Quarter of 2012 Stats and facts about the City of Tequesta, Florida, are out for the last quarter ending in March 2012.  The report is pack with informative information about the county and the local city mentioned above. In a nut shell the inventory of homes available for sale are at a 11.0 month selling point which is down nearly 40.4% from a year ago. That’s a good sign things are loosening up and people are buying. Click on this link, for more graphs and stats. Whether you are buying or selling in this hot market of the City of Tequesta, FL, choosing the right company with save you money, time and many sleepless nights. I not only have 28 years experience as a Realtor, construction was a passion of mine as well. This alone is worth so ...
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By Donald Urschalitz, P.A. Realtor ABR RSPS North Palm Beach County
(Lubeck Realty Group)
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 Palm Beach County Florida,  
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 5/13-5/19/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Broadview Condo 2 2 1,250 $199,000 $181,000 5-18-12 Island House Single Family 2 2 1,300 $219,000 $190,000 5-16-12 Jupiter Sound Single Family 4 2.1 2,200 $900,000 $725,000 5-18-12 Riverbend Condo 2 2.1 1,230 $65,000 $55,000 5-16-12 Tequesta Country Club Single Family 3 3 2,832 $329,000 $315,000 5-15-12 Tequesta Oaks Townhouse 3 2.1 1,298 $219,900 $205,000 5-17-12 Tequesta Oaks Townhouse 3 2.1 1,441 $199,500 $187,000 5-18-12 Waterway Village Single Family 3 3 1,781 $409,999 $399,000 5-15-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumon...
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Sales Disappoint in April May is flying by so quickly and the buzz in local real estate offices grows louder every day. Everyone is slammed and there just never seems to be enough hours in the day to handle the load. Remarkable is the best way to describe where the market seems to be going and almost every sign shows that overall prices have bottomed and finally after 6 years are back on the rise.   Each month in this column we bring you a recap of the previous months sales levels and much like the national trend the upswing continues to grasp the market. Nationally, home prices have dropped 34% from the highs experienced in 2006 and interest rates keep dropping to new record lows. A tremendous combination that has made homes more affordable than we have seen in decades. Even w...
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 5/06-5/12/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Sold Price Country Club Point Single Family 3 2 2,182 $725,000 $675,000 5-7-12 Regency Condo 2 2 1,144 $349,000 $325,000 5-7-12 Scimshaw on the Bay Townhouse 2 2.5 1,696 $449,900 $410,000 5-7-12 Turle Creek Condo Condo 2 2 1,400 $94,500 $89,900 5-9-12 Turtle Creek Village Single Family 3 2 1,863 $299,000 $280,000 5-9-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Inventory Level Down 7% Last Month April passed quickly by and brought with it increased activity from the investor market and their surging demand for lower priced opportunities. Ever so slowly the change from a bear market to a bull market continues to show momentum in South Florida. Investors are making up about 1/3 of the current market and their appetite continues to grow with prices being driven much higher in many investment grade communities. Almost 100% of these transactions are cash deals and end up with multiple offers being presented within a day or two of the listing hitting the market. Inventory levels in this market segment remain challenged with a demand that does not appear to be able to be fully sated. Another third of the market is made up of first time homeb...
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By Ruth Jacobs, North Palm Beach, Real Estate Specialist, CDPE, SF
(Quantum One Realty)
Tequesta Market Report 4/29-5/04/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Heritage Oaks Single Family 3 2 2,202 $395,000 $367,500 5-04-12 La Mar Condo Apts Condo 2 2 1,527 $299,000 $245,000 5-01-12 Lighthouse Cove Condo 2 2 1,118 $161,900 $155,000 5-01-12 North Passage Single Family 2 2 1,473 $195,000 $190,000 4-30-12 North River Plantation Single Family 4 3.1 4,142 $1,100,000 $1,100,000 5-04-12 Tequesta Country Club Single Family 4 2 2,106 $399,000 $355,000 5-02-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & 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 4/22-4/28/12   Community Sub Type Br Bath Sq Ft List Price Sold Price Date Sold Beach Sound Condo 2 2 1,315 $499,000 $475,000 4-24-12 Broadview Condo 2 2 1,250 $215,000 $205,000 4-24-12 Cove Pt Single Family 3 3 1,850 $699,000 $610,000 4-25-12 Seawatcb Condo 2 2.1 1,708 $499,900 $480,000 4-27-12 Waterway Beach Condo 2 2 1,189 $155,000 $170,000 4-25-12 For more information on this area and its listings:Your Ultimate Team Website Your Ultimate TeamNorth Palm Beach, Palm Beach GardensJim & Ruth JacobsQuantum One Realty(561) 308-1189 Jacobs@Quantumone.com
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By Tom Priester, Paradise Sharks
(Paradise Sharks )
Tequesta Absorption Rates Down for 3rd Straight Month The real estate market here in South Florida continues to defy gravity. Sales throughout the north county area were super strong in March with solid double digit gains over February numbers. We will be looking forward to the final numbers from April a few weeks down the road but can tell you at this point they too look rather amazing. Each month at this time we delve into the absorption rate in each of our local communities to see what this metric might tell us about the future direction of the market.   While over the past week or two we are seeing some additional inventory hit the market it seems much of this is from seasonal owners deciding to test the waters since they are heading back home for the summer. Some of these homes ar...
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