The common perception of Florida’s cash buyers often involves wealthy out-of-state newcomers fleeing high-tax states, bringing Silicon Valley fortunes with them. However, Shane Burgman, team leader at The Burgman Group, says the reality in Brevard County is more complex and challenges assumptions about who is driving cash transactions in the area. “Contrary to what a ...
While most homebuyers prefer multiple in-person showings before making offers, a distinct segment of the Space Coast market is purchasing homes without ever setting foot inside. Shane Burgman, team leader at The Burgman Group, sells 10 to 15 properties each year to buyers who rely solely on detailed video tours. “It’s not uncommon, for any ...
While vacation rental markets across Florida grapple with oversupply and falling returns, St. Augustine Beach stands apart thanks to a regulatory approach that has unintentionally turned the area into one of the state’s most exclusive short-term rental investment locations. The city’s choice to cap transient rental licenses at 100 units has created a scarcity-driven market ...
Local real estate expert Lance Willard recently provided insights comparing property performance across Tampa Bay’s distinct market segments. In an interview, Willard discussed the differences between luxury homes, entry-level properties, and flood zone real estate, factors that buyers and investors should weigh carefully. “It’s interesting, the sectors of the market that are really strong: homes ...
While much of Sarasota’s real estate market faces price corrections and inventory constraints, two property segments are outperforming the rest, according to Joey Lamielle, team leader at RE/MAX Alliance Group. Acreage properties and new construction communities are attracting the most buyer interest in the current market. Market Segmentation Analysis “Acreage properties are thriving right now. ...
The Florida Keys residential market is experiencing a phenomenon that could alter the competitive landscape in early 2025, according to Margie Casey, Associate Broker at Florida Keys Real Estate Group. Casey reports that many sellers have quietly withdrawn their properties with plans to re-list in the new year, creating what professionals refer to as “shadow ...
Local real estate expert Billee Silva of Jones & Co. Realty recently shared insights comparing condominiums and single-family homes across Southwest Florida. In an interview, Silva highlighted important differences, trends, and considerations for buyers and investors navigating the current market. “Single family homes are still doing pretty good because people are relocating. People are upsizing, ...
While luxury beachfront properties in St. Augustine continue to attract high prices, a concerning trend is emerging in the mid-market sector, tilting the playing field against homeowners looking to sell. Danielle Gustafson, Associate Real Estate Broker with ONE Sotheby’s International Realty and a 25-year market veteran, points to large developers offering significant incentives that private ...
Property taxes are now the primary factor for buyers deciding among Florida’s rural counties, according to local real estate expert Josée Lindner. In a recent interview, Lindner explained how tax differences amounting to thousands of dollars annually are shifting buyer preferences across north-central Florida’s four-county region. “I generally start with the tax, because taxes is ...
A notable shift in seller attitudes is changing the tone of listing appointments across Sarasota, with about half of potential sellers now acknowledging market conditions at the outset, according to Joey Lamielle, team leader at RE/MAX Alliance Group. This marks a significant change from the seller confidence that prevailed just two years ago. “Over the ...
Gainesville real estate leader Dustin Sims of Bosshardt Realty Services, argues that recent changes to real estate commission structures are bringing unprecedented transparency to transactions, despite initial industry concerns. “What I love most about these changes is that everything is now very black and white regarding expectations,” Sims explains. The new rules, which took effect ...
A combination of rising insurance costs and increasing HOA fees has turned Jacksonville Beach’s oceanfront condos from sought-after investments into difficult properties to sell, according to David Corbitt, a local real estate agent with 1 Percent Lists First Coast. The shift demonstrates how external cost pressures can quickly reshape a property market. The Condo Crisis ...
While many real estate markets are only starting to favor buyers, Southwest Florida has been in buyer territory for nearly two years, according to Brett Ellis, owner of Ellis Team – Keller Williams Realty Fort Myers. Ellis cautions that a significant wave of “shadow inventory” is poised to alter the region’s market dynamics, potentially surprising ...
As homeowners in Pacific Palisades contend with the aftermath of January’s fires, opportunistic investors are targeting vulnerable residents with low offers for their burned properties, often conducting these sales off-market to avoid fair competition. Helen Kaye, Partner at Phoenix Equity Partners, has seen this exploitation firsthand while assisting fire-affected families. Her experience points to a ...
Local real estate expert Irina Roth of Dalton Wade Inc recently provided insights on pressing questions about Tampa Bay’s property market. In an exclusive interview, Roth addressed concerns about market timing, hurricane impacts, and the viability of vacation rentals, topics on the minds of many residents and investors. “So today the market is balanced. I ...
