Nearly 800 single-family homes were sold in March of 2021. According to SunStats, 785 closed sales were reported for March, a 19.3% year-to-year jump.
Planes, Tunes, & BBQ 2021, Tavares
Join us for our 13th Annual PLANES, TUNES & BBQ featuring our Seaplane-A-Palooza Fly-In! Live music, twilight airshow, seaplane competitions, BBQ, vendors, fun zone & more! Festivities begin Friday evening with the Dallas Tyler Band, the Kennedy Wood Band, BBQ & vendors. On Saturday, the savory smell of BBQ won’t be the only thing soaring […]
Weekly Update for the Central Florida Region: 3/28/21 – 04/03/21
Here is a quick market summary from the most recent week ending 04/03/2021.
Golf courses, offices turn into warehouses as industrial demand rises
Transactions for industrial, big-box facilities hit a record in North America last year, according to commercial real estate services firm CBRE. Source: Golf courses, offices turn into warehouses as industrial demand rises Why is this important for residential? If you are looking to purchase, the potential home on an abandoned golf course may soon […]
Fla.’s Housing Market: More Sales, Higher Median Prices in Feb. 2021 | Florida Realtors
Florida Realtors’ data: Single-family home sales rose 15.7% year-over-year, median sales price up 16.6%; condo sales up 28.7%, median price up 16.6%. Chief Economist O’Connor: Fewer new listings and a tight inventory means a strong seller’s market. Source: Fla.’s Housing Market: More Sales, Higher Median Prices in Feb. 2021 | Florida Realtors
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Active Listings – Central Florida as of 3/8/21
The record lows continue in Lake County. Here is a gauge for active listings in the Central Florida market.
Florida State Focus: Changes And Challenges
From COVID challenges to the road to recovery, not unlike many others, Florida is dealing with new territory in 2021. Source: Florida State Focus: Changes And Challenges
Secondary Markets Heating Up for Commercial Investors | Florida Realtors
Florida Realtors economist: Investors are following renters into the suburban spillover markets. Strong demographics, population growth and an expected recovery in hospitality pulled the Tampa- St. Pete, Miami and Orlando markets into the top 20. Source: Secondary Markets Heating Up for Commercial Investors | Florida Realtors
Why Are Rates Rising? It’s Good – If You’re Not a Homebuyer | Florida Realtors
Even top experts fumble on mortgage rate predictions because their rise and fall is based largely on investors’ attitudes, which can turn on a dime. Currently, investors fear possible inflation – the enemy of Treasury bonds. And as bond investment falls, mortgage rates (often) go up. Source: Why Are Rates Rising? It’s Good – If […]