In the Press: Florida Real Estate News
1. Market Shifts Favor Buyers in Major Florida Cities
Cities like Miami, Jacksonville, and Tampa are experiencing increased housing inventory and extended time on the market, leading to more opportunities for buyers. For instance, in Miami, homes now stay on the market for a median of 60 days, with 25% undergoing price reductions. Jacksonville has seen a 26% increase in inventory, with 30% of listings reduced in price. Tampa's inventory has risen by nearly 20%, with almost a third of home prices decreasing. These trends have placed these cities on Zillow’s list of “best metro areas for buyers,” offering favorable conditions for those looking to purchase homes in Florida.
2. Lionel Messi Expands Real Estate Portfolio in Miami
Soccer superstar Lionel Messi is set to acquire four units in the upcoming Cipriani Residences Miami, an 80-story luxury tower under development. One of the units, a spacious four-bedroom residence, is priced at approximately $7.5 million.This move adds to Messi's growing real estate investments in South Florida, highlighting the region's appeal to high-profile buyers.
3. Optimal Time to Sell Homes Approaching
According to Realtor.com, homeowners who list their properties between April 13-19 could potentially sell their homes nine days faster, face 13.2% less competition, and earn approximately $4,800 more. This period is considered one of the best times to sell, making it crucial for sellers to prepare accordingly.
