Tequesta home prices rise in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Tequesta rose by $9,000 while total sales decreased by 23%, according to BlockShopper.com.

From April through June of 2020, there were 47 homes sold, with a median sale price of $475,000 - a 1.9% increase over the $466,000 median sale price for the same period of the previous year. There were 61 homes sold in Tequesta in the second quarter of 2019.

The median sales tax in Tequesta for the most recent year with available data, 2018, was $4,294, approximately 0.9% of the median home sale price for the second quarter of 2020.

The following table compares Tequesta to other Palm Beach County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Jupiter Inlet Colony5425%$1,490,000$1,362,5009.4%
North Palm Beach (unincorporated)1622-27.3%$1,100,000$962,50014.3%
Ocean Ridge1621-23.8%$879,500$940,000-6.4%
Highland Beach4960-18.3%$650,000$493,75031.6%
Jupiter (unincorporated)7086-18.6%$440,000$437,0000.7%
Juno Beach36352.9%$437,500$320,00036.7%
Boca Raton433598-27.6%$435,000$435,500-0.1%
Tequesta (unincorporated)616-62.5%$411,250$342,45020.1%

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