Compass CEO: Florida’s west coast continues to be a thriving residential market

Compass CEO Robert Reffkin said Florida’s residential market, especially along the west coast, has seen sustained buyer demand despite the national economic turmoil. Reffkin gave a market update on April 18 detailing the brokerage’s continued expansion across Florida’s west coast. He told the Tampa Bay Business Journal that prices have been “pretty stable given the short supply” and said the inventory has not kept up with the demand throughout the region. There has been a high demand…Original Article

Clearwater Beach condo sells for $9.5 million

A condo on Clearwater Beach has sold for $9.5 million. The beachfront condo is in the Residences at Sandpearl Resort, located at 11 Baymont Street. The unit has four bedrooms and four baths and is 5,349 square feet. The sale price breaks down to approximately $1,776 per square foot. Sophia Vasilaros of Smith and Associates Real Estate represented the buyer, an Ohio resident who purchased the property as a vacation home. “The home boasts three private terraces with direct Gulf views from almost…Original Article

Report: Home sales slide in Tampa Bay

As home prices continue to rise in Tampa Bay, sales are declining to start the homebuying season.Original Article

Florida lawmakers back nixing local housing regulations

The bill's sponsor said the state needs to take a free-market approach to addressing the housing problems and that local regulations drive up costs.Original Article

More investors are losing money in the housing market

Especially in pandemic boomtowns, a growing share of investors is losing money on homes sold in recent months.Original Article

By the numbers: March housing prices in Florida

The industry group Florida Realtors released a new report that said the statewide median sales price for single-family existing homes in March was $405,000. Here were the median sales prices by metropolitan statistical area: Click the housing icons below to see the price of your metro.Original Article

How the 2023 spring housing market is shaping up

The spring 2023 housing market is off to a different start than its 2021 and 2022 counterparts but several factors are converging to make it not quite a typical pre-pandemic market, either.Original Article

Florida House passes renter fee proposal

The heavily debated bill could lead to landlords collecting monthly fees instead of security deposits from renters.Original Article

Miami developer pays $10 million for land in downtown Tampa’s Encore

A $200 million mixed-use project is expected to break ground on the site in the fourth quarter.Original Article

St. Pete housing supply remains behind demand

New housing data shows that the city’s housing crisis continues, though the market is beginning to slow.Original Article