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Florida Trend Real Estate
Four Florida markets named as 'at risk for home price decline'
Four Florida markets named as 'at risk for home price decline'
A leading real estate data and analytics company has identified several Florida areas as the "top markets at risk of home price decline," including the North Port-Sarasota-Manatee metro area. The monthly CoreLogic Home Price Index uses 45 years of sales data from public records and real estate databases to track the residential real estate market. The most recent report examining May data was released last week showing home prices increased by 1.4% compared to May 2022. [Source: Sarasota Herald-Tribune]
Patronis vows probe of Farmers for dumping 100,000 policyholders
Florida CFO Jimmy Patronis vowed to investigate Farmers Insurance for dropping about 100,000 policies, suggesting that corporate leaders would be dragged before the Legislature next session to answer for their actions. In a scathing news release last week, Patronis laid blame on executives that he said care more about “woke” policies and “virtue signaling” than acting in the best interest of its customers. [Source: Orlando Sentinel]
Where are the safest places to live in Florida? The answer may not surprise you
When you're deciding where to live, there are a lot of things to consider. Do you like the climate? Are the schools good? How's the local economy? Is there decent pizza nearby? But one of the most important things to look at is: Is it safe? While no place will ever be completely safe from crime or natural disasters, some places may be a safer bet than others. [Source: Daytona Beach News-Journal]
University of Florida report shows Florida lagging behind the nation in affordable housing recovery
Nationally, rent growth is on the decline and the market is beginning to favor tenants. But that trend may be a ways off in Florida, according to research from the University of Florida (UF). With continuing population growth, Florida is an extreme version of what is happening in several strong rental markets in the country, said Anne Ray, manager of the Florida Housing Data Clearinghouse at UF’s Shimberg Center for Housing Studies. [Source: Florida Politics]
Does your Florida county rank in the most expensive home insurance premiums?
Costs of living in Florida are rising across the board, condominium and homeowners' insurance premiums included. Among the most expensive? Those in Palm Beach County. Behind Monroe County, Palm Beach had the second highest average homeowners insurance premiums among the state’s 67 counties, as of this spring. [Source: Florida Times-Union]
1,940
The first two families have moved into a 1,008-acre residential development under construction in Plant City. When complete the community will have 1,940 homes ranging from single-family houses to townhomes to villas. [Source: Business Observer]
› Three Siesta Key listings among HGTV's 'Ultimate House Hunt' competition
Three listed homes for sale on Siesta Key are among nearly 100 finalists in HGTV’s Ultimate House Hunt 2023. All three homes are offered for sale by Sarasota-based Michael Saunders & Co. The Ultimate House Hunt is a monthlong online promotion held annually on HGTV.com, showcasing homes for sale across the country in eight categories: Amazing Kitchens, Beachfront Homes, Countryside Retreats, Curb Appeal, Downtown Dwellings, Homes With a History, Outdoor Escapes and Waterside Homes.
› This luxury community will include Miami’s first new private golf club in 20 years
Hallandale Beach, just two miles north of Golden Beach, is home to one of the area’s newest luxury communities. The private community sits on 150 acres and represents the new frontier of elite clubs, bespoke residences, and elevated wellness and leisure. Shell Bay includes The Residences at Shell Bay, a 20-story residential tower with 108 units, a 60-key boutique resort managed by Auberge Resorts Collection and The Shell Bay Club, one of the most exclusive private members clubs in North America.
› Orlando homebuilders serve up pickleball in new neighborhoods
Step aside, tennis. The pickleball mania is here and it’s propelling homebuilders to rethink what amenities to include in new Central Florida neighborhoods. Jacksonville-based Dream Finders Homes is the latest developer to announce plans to feature pickleball courts in an upcoming project, according to a report in GrowthSpotter. When its 57-lot subdivision opens on 305 acres in Windermere in early 2026, residents will have a place to play the fast-growing sport.
› Pasco approves first portion of massive 4G Ranch housing development
The first portion of residential development on the massive 4G Ranch, which could become a gated community, got the Pasco County Commission vote of approval last week. The western side of the ranch property known for its large estate that has played host to political fundraisers through the years, spans 1,102 acres and is set for 1,500 residences. The housing type wasn’t specified, but developers left open the door for single-family homes, villas or townhomes.
Previous Real Estate Updates:
- Now might be the time to move to Florida as inventory levels surge and sellers slash prices
- Florida home values have more than doubled in the past decade
- Florida insurance market full of ‘low quality' companies, study finds
- Real estate pros say Florida's future looks bright
- What are squatters' rights? New Florida law targets occupancy fight
- Is trouble brewing in Florida's housing market? Here's what the data says
- Florida is growing. Can affordable housing keep up?
- Florida condo sales plummet despite falling prices and rise in 'motivated' sellers
