A dramatic rise in Pensacola’s median home prices is forcing local investors to rethink their target price points and investment strategies, according to veteran real estate investor Mike Hamby. “The median price of a house in Pensacola has gone up to about 310 [thousand] this year. When I moved here in 2020 it was 190,” ...
A notable shift in Southwest Florida’s buyer demographics is altering the local real estate landscape, according to Brett Ellis of Ellis Team – Keller Williams Realty Fort Myers. The combination of Canadian property owners leaving the area and the potential for political migration from northern cities is creating new demand patterns that many agents are ...
Although Cape Coral has been labeled by media as having “the worst market in the nation right now for foreclosures,” a surprising trend is challenging assumptions about distressed markets, according to Felicia Saraceno, Market Director at Keller Williams Realty – Marco Island. Despite Cape Coral’s elevated foreclosure numbers, the city is outperforming more prestigious markets ...
Arizona’s short-term rental market has seen a major shift, with most Airbnb investors leaving the platform due to oversaturation, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. This marks a significant change from the pandemic-driven boom that made Arizona a prime location for vacation rental investments. “A lot of people are ...
A new trend is emerging in Orlando’s luxury real estate market, with the vast majority of high-end buyers actively steering clear of homeowners association communities, according to Yashmit Gutierrez, a sales associate at EXP Realty. This preference challenges the common belief that luxury buyers seek out managed communities with extensive amenities. “In my opinion, what ...
Arizona’s housing market is facing an unusual problem: even as inventory has surged 24.7% year-over-year, buyers are finding it harder than ever to make purchasing decisions. The abundance of available homes is overwhelming rather than assisting buyers, according to Melissa Bailey, a real estate professional with Jason Mitchell Group. “Even though we have a higher ...
A notable migration trend is transforming Orlando’s luxury real estate market, with California buyers increasingly opting for Central Florida over established high-end destinations like Miami. This shift is driven primarily by affordability, marking a change in luxury buyer preferences, according to Yashmit Gutierrez, a sales associate at EXP Realty specializing in the Orlando area. Market ...
First-time homebuyers in Arizona are increasingly backing out of contracts at the last minute due to anxiety over payments, leading to legal disputes and financial repercussions that go beyond losing a deposit. This shift in buyer behavior comes as higher interest rates create hesitation, even among those who are financially qualified. “We’ve had more first-time ...
While national real estate media often highlight stories of high demand and low supply, the situation in Jacksonville is noticeably different, according to veteran real estate agent Tobin Bossola of Coldwell Banker Vanguard Realty. In a recent interview, Bossola questioned the prevailing national narrative, emphasizing that Florida markets are experiencing conditions that run counter to ...
Despite national housing market uncertainty, Palm Beach County’s luxury real estate market remains resilient due to continued wealth migration and strong fundamentals, according to one local agent. “The national average moving down to this area is like a quarter million a year average income,” says Jason Litt, Team Leader at Lokation Real Estate. “That’s pretty ...
After 13 years of seller-driven conditions, Florida’s coastal real estate markets are undergoing what Bobby Johnson views as a necessary correction that both agents and consumers should recognize as a normal part of the market cycle. Johnson, a team leader at EXP Realty with 25 years of experience, believes the industry has been delaying this ...
The shift from a fast-paced seller’s market to a buyer-driven environment has brought new challenges for property owners in Sarasota, according to Brett Keyser of RE/MAX Alliance Group. In a recent interview, Keyser discussed how extended selling timelines and evolving pricing expectations are influencing the local real estate market. “A lot of sellers still think ...
A significant disconnect between first-time homebuyer expectations and the realities of the Pensacola market is creating persistent challenges, according to local expert, Real Estate Agent of EXIT REALTY N.F.I., Randy Bricker. This expectation gap, which Bricker describes as “champagne taste with a beer budget,” highlights issues around buyer education and perception in today’s market. “What ...
While national real estate headlines often highlight uncertainty, Amelia Island’s coastal real estate market stands apart, according to local expert Adele Suddes, a real estate sales associate with CENTURY 21 Miller Elite. Data reveals a clear disconnect between national trends and the reality in this Florida coastal enclave. “This area deviates from what might be ...
The home buying process in Palm Beach County has evolved significantly, with buyers taking more time and viewing more properties before making decisions, according to one local agent who sees a fundamental shift in consumer behavior. “They’ll look, they’ll view my listings, and then months later, maybe come back visit again. So they want to ...
