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Florida Home Sales and Prices in Decline

Florida Home Sales and Prices in Decline

by Phil Hall | Sep 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida during August totaled 22,675, down 1.1% year-over-year, while existing condo-townhouse sales totaled 7,898, down 14.9% from one year ago, according to data from Florida Realtors. The statewide median sales price...
Florida Apartment Tower Transitions from Market Rate to Affordable Housing

Florida Apartment Tower Transitions from Market Rate to Affordable Housing

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 208-unit apartment tower in Clearwater, Florida, that operated for 50 years as an affordable senior living complex before being turned into market rate housing that displaced its financially vulnerable residents is being transitioned into an affordable housing...
Toll Brothers Unveils New Community in Florida

Toll Brothers Unveils New Community in Florida

by Phil Hall | Sep 6, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuilder Toll Brothers Inc. (NYSE:TOL) announced its newest community, Toll Brothers at Marsh Harbor, is coming soon to Ponte Vedra area of St. Johns County in North Florida. Toll Brothers at Marsh Harbor will feature luxury homes ranging up to approximately 4,690...
Pending Condo Sales Down as Inventory Expands

Pending Condo Sales Down as Inventory Expands

by Phil Hall | Sep 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending sales of condominiums were down by 5.5% year-over-year last month, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level for pending condo sales in any July on record. At the same time, the number of condos for sale rose 27.1% from one...
Lennar Unveils New Townhome Community in Miami Metro Area

Lennar Unveils New Townhome Community in Miami Metro Area

by Phil Hall | Sep 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Lennar (NYSE:LEN) announced the opening of its latest development: Mariner’s Cove, a 174-unit townhome community in Florida City, Florida. The two-story townhomes range from 1,330 to 1,545 square feet, with three bedrooms and two-and-a-half to...
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