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July 16, 2018
Summer housing market heating up in Florida

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Florida Trend Real Estate

Summer housing market heating up in Florida

| 7/16/2018

Summer housing market heating up in Florida

The Florida real estate market has steadily been improving since the global financial crisis. The summer housing market is heating up quickly, and this means that demand is rising, and prices are following suit. [Source: Space Coast Daily]

See also:
» On WalletHub's "Best & Worst Cities for First-Time Home Buyers," Tampa ranks #2 for Best City, Miami is #294
» Brevard property values increase 9 percent in 2018, new construction up 53 percent
» An increase in foreclosures hit Southwest Florida, but some say not to worry
» Orlando homes' sale prices have risen for 7 years straight, Realtors say

St. Petersburg's CRE Models mashing big data with commercial real estate

CRE Models counts Mercury Advisors and Tampa-based Feldman Equities as clients, along with Marcus & Millichap brokers. More nationally, the firm has done work for New York Life and Metropolitan Life, together with clients in Canada, Australia, Mexico, Switzerland, Scotland and countries in Africa. [Source: Business Observer]

Lakewood Ranch climbs to No. 2 nationally in home sales

Lakewood Ranch has climbed another spot in the rankings among fastest-selling, master-planned communities in the United States in a study done by the real estate consulting firm RCLCO. Third in 2017, Lakewood Ranch moved to No. 2 in the nation at the halfway point of 2018 with 826 new home sales. More from Your Observer and the Bradenton Herald.

Ian Black is still passionate about real estate and his partners

Ian Black began working in all facets of the real estate industry back in his native Northern Ireland in 1964 when he was 19. After failing the entrance exam for dental school, he found his lifelong career by chance — on his father’s advice that he go talk to a broker in Belfast. There, in that office, he found his passion. At age 72, now in Sarasota, that passion still burns brightly. [Source: Sarasota Herald-Tribune]

Florida Realtors announce their picks for statewide races

The political arm of the state’s largest professional trade association, Florida Realtors, handed out endorsements last week in the statewide races for Florida Governor and Cabinet. Republicans currently have a monopoly on Florida’s four elected offices in the executive branch, and according to Florida Realtors’ endorsements they’d like it to stay that way. [Source: Florida Politics]

STAT OF THE WEEK
19.7%
The price of entry-level luxury rose 19.7 percent in Sarasota. The jump was the most in Realtor.com’s ranking. [Source: Bloomberg]

ALSO TRENDING:

› Florida investor closes third Dallas-Fort Worth multifamily property buy in as many months
A Florida real estate investment firm has made its third acquisition in the Dallas-Fort Worth area in as many months. Miami-based Atlantic Pacific Companies purchased Avana Point, a 324-unit complex in Fort Worth, and renamed it to The Atlantic Station.

› West Villages Florida ranks in top 5 U.S. master-planned communities by RCLCO
West Villages Florida, a 15,000-acre master-planned community in Sarasota County, Florida has again been named among the fastest selling Master-Planned Communities in the United States.

› Fast-expanding Ohio real estate group makes $44M buy in Florida
Fast-growing Coastal Ridge Real Estate is spending $44 million for another Florida property. The company, working with H. Katz Capital, has purchased a 200-unit, 800-bedroom student housing community in Fort Myers.

› Development is booming in Parrish. Another 600-plus new homes will soon be on the way.
Neal Communities’ Canoe Creek neighborhood, which is being built on the site of Palmetto Pines Golf Course, is moving toward a fall opening. The new development on Golf Course Road will bring another 621 home sites to the Parrish area.

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