While most residential real estate segments contend with high interest rates and affordability concerns, Jacksonville Beach’s luxury market is showing notable resilience, according to David Corbitt of 1 Percent Lists First Coast. The current environment highlights a clear division in buyer behavior, challenging prevailing expectations about the market. “High end luxury is doing really well ...
The Florida Panhandle’s real estate market is widely described as a “buyer’s market,” but according to local broker Edson Gene Hurd of Hurd Real Estate & Company, this label misrepresents what’s actually happening to property owners. In a recent interview, Hurd shared a candid assessment of how current conditions are leaving sellers with little to ...
The gap between what sellers expect and the current market reality has grown in Miami-Dade’s luxury real estate sector, according to Denise Madan of EXP Realty. After 25 years in South Florida’s high-end property market, Madan says many sellers remain anchored to a 2020 mindset, which no longer reflects actual conditions. “Sellers still think that ...
The multifamily industry’s shift toward smart building technology has not matched the widespread marketing narrative. While “smart apartments” are frequently promoted, the actual integration of smart building systems in multifamily properties remains low, according to Lance Platt, President and CEO of Groove Technology Solutions. “It’s not marketing hype any longer. I think smart building technology ...
The South Florida real estate market is undergoing a notable transformation, with cash purchases increasingly driven by out-of-state buyers leveraging home equity from more expensive markets. This trend is altering local market dynamics and pricing, with significant consequences for Florida residents. Arkadiy Abdurakhmanov, a real estate agent with United Realty Group who has over 20 ...
The South Florida condominium market is experiencing a major crisis as maintenance fees soar, reshaping buyer behavior and property values. According to Arkadiy Abdurakhmanov of United Realty Group, the sharp rise in homeowners association (HOA) fees is making condos increasingly difficult to sell. Market Overview “When I came to the United States, the most expensive ...
The investment landscape for medical real estate is benefiting from changes demographics and in healthcare delivery, according to Cody Shandraw, President of Healing Realty Trust. The company has leveraged these to double its asset portfolio in nine months by focusing on a targeted niche within the medical real estate sector. Market Overview “The silver wave ...
Multifamily operators now face a decision similar to the hotel industry’s past approach to internet access: will smart building technology remain a premium amenity fee, or will it become a standard feature included in base rent? Lance Platt, President and CEO of Groove Technology Solutions, says the industry is experiencing this transition now. “Yes, yes ...
Ponte Vedra Beach agent Allyson Mecca of LoKation, argues Jacksonville’s real estate market has fundamentally shifted away from retirees toward younger, high-earning professionals, a transformation she says few outside the region fully grasp. “I’m seeing way less of a retiree presence, and more younger but higher incomes,” says Mecca, who specializes in properties $800,000 and ...
Jacksonville area agent Allyson Mecca of LoKation has discovered powerful synergies between investment and retail real estate, creating what she describes as a “Venn diagram” of overlapping opportunities that benefit both sides of her business. “The investment side and the retail side, they interact almost in a Venn diagram method,” Mecca explains. “As an investor, ...
In today’s higher-rate environment, home buyers should focus on purchase price rather than interest rates, advises Maria Raymer, broker associate at RE/MAX Specialists PV, offering a fresh perspective on timing the market. “Don’t be too caught up in interest rates, because it’s temporary. You date the rate, you marry the house,” Raymer says, explaining her ...
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,” ...
Short-term rentals are transforming from community concern to economic catalyst, according to Guesty CFO Gil Vassoly, who argues the sector creates ripple effects of prosperity throughout local neighborhoods. “Short-term rentals are actually a way to uplift the entire community, not just financially, but creating this atmosphere,” Vassoly says, pointing to emerging data on visitor behavior. ...
The St. Augustine real estate market is nearing a pivotal moment that buyers should consider, according to Thomas Quigg, a licensed residential real estate agent with Coldwell Banker Premier Properties. In a recent interview, Quigg shared his perspective on how current market conditions may represent the best buying opportunity in years. “I guess my opinion ...
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 ...
