Check out our updated Crane Watch map to see the latest on development projects that have been in the works for years, along with details on some new projects breaking ground.Original Article

A riverfront Bradenton estate has sold for $8.55 million, setting a record as the highest-ever sale of a single-family residence on the mainland of Manatee County, according to Michael Saunders & Co. The 5.16-acre gated estate, located at 7000 Riverview Blvd., has Frank Lloyd Wright-inspired architecture and sits on the Manatee River. Michael and Laurel James of Michael Saunders & Co. represented the buyers, and the property is “one of the largest waterfront properties in the county,” according…Original Article

As homebuying demand cools from the record pace of 2021, competition is shifting toward lower-priced homes, a new report finds. The latest report by Zillow (Nasdaq: ZG) shows competition is now strongest for the least expensive homes — a reversal from much of the pandemic. During the pandemic, homebuyers saw most of their competition from others looking to purchase middle- and top-tier residences. The annual deficit in for-sale inventory dipped the most in the top two price tiers in 2020 and…Original Article

The number of ZIP codes in the Tampa Bay area with typical home values over $1 million doubled from five in June 2021 to 10 in June 2022, according to the Zillow Home Value Index. Prior to 2021, there was only one, 34216 in Anna Maria, above that level, and none as recently as 2015. Sarasota and Pinellas counties are home to three of the 10, while Hillsborough and Manatee account for two each. Every ZIP code in the region saw its home values more than double over the last 10 years, with an average…Original Article