The Great Resignation’s Effect on Florida Real Estate
The Great Resignation’s impact on home construction means that the value of Florida residents’ homes could see another double-digit price rate increase in 2022, according to a recent report from the CE shop: The Great Resignation’s Effect on Florida Real Estate.
This impact comes on top of a 70% decrease in inventory since the start of the pandemic:
Disappearing inventory
The Great Resignation — the name given to the enormous wave of workers quitting their jobs over the past year — is making headlines nationwide around 33 million Americans have quit their jobs since the spring of 2021.
Why Are Americans Leaving Their Jobs? (more…)
Shaq sells his Florida mansion – at last!
According to Mansion Global,” retired NBA star Shaquille O’Neal has finally scored a buyer on his Windermere, Florida, megamansion—one of the largest homes for sale in the Sunshine State.”
A listing for the 31,000-square-foot waterfront home, which comes with a full-sized indoor basketball court and a 17-plus car showroom, was updated Friday to say the sale was pending.
The Mediterranean-inspired contemporary home sprawls across a four-acre property within the Isleworth Golf and Country Club and has 12 bedrooms and 15 bathrooms.
Like many other parts of Florida, Orange County—where Windermere is located—saw a banner 2020, as many home buyers, spurred by the Covid-19 pandemic and record-low mortgage rates, entered the market.
The final sale price won’t be public until the home closes, but the megamansion was last asking $16.5 million, about 40% less than its original $28 million asking price.
Andrew Oliver
Sales Agent
REALTOR®
Domain Realty
Naples, Bonita Springs and Fort Myers
www.AndrewOliverRealtor.com
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com