Nearly 800 single-family homes were sold in March of 2021. According to SunStats, 785 closed sales were reported for March, a 19.3% year-to-year jump.

Join us for our 13th Annual PLANES, TUNES & BBQ featuring our Seaplane-A-Palooza Fly-In! Live music, twilight airshow, seaplane competitions, BBQ, vendors, fun zone & more! Festivities begin Friday evening with the Dallas Tyler Band, the Kennedy Wood Band, BBQ & vendors. On Saturday, the savory smell of BBQ won’t be the only thing soaring through the air…the seaplanes will be arriving to participate in our Seaplane-A-Palooza flying competitions. Easy Street will bring you to your feet with a variety of soulful favorites. The Kennedy Wood Band will return to the stage before the AeroShell Aerobatic team take flight in the twilight sky. After the fireworks, move your eyes to the stage for the roaring energy & unique, bluesy rock ‘n roll, southern, soulful style of A Thousand Horses performing their hits “Smoke”, “(This Aint No) Drunk Dial”, “A Song to Remember” & “Preachin to the Choir”! Bring a chair or blanket | Parking available in the parking garage @ 200 N. Sinclair Ave.

Source: Tavares, FL – Official Website

Here is a quick market summary from the most recent week ending 04/03/2021.

Transactions for industrial, big-box facilities hit a record in North America last year, according to commercial real estate services firm CBRE.

Source: Golf courses, offices turn into warehouses as industrial demand rises

Why is this important for residential? If you are looking to purchase, the potential home on an abandoned golf course may soon have a different view soon.

Florida Realtors’ data: Single-family home sales rose 15.7% year-over-year, median sales price up 16.6%; condo sales up 28.7%, median price up 16.6%. Chief Economist O’Connor: Fewer new listings and a tight inventory means a strong seller’s market.

Source: Fla.’s Housing Market: More Sales, Higher Median Prices in Feb. 2021 | Florida Realtors

The record lows continue in Lake County. Here is a gauge for active listings in the Central Florida market.

From COVID challenges to the road to recovery, not unlike many others, Florida is dealing with new territory in 2021.

Source: Florida State Focus: Changes And Challenges

Florida Realtors economist: Investors are following renters into the suburban spillover markets. Strong demographics, population growth and an expected recovery in hospitality pulled the Tampa- St. Pete, Miami and Orlando markets into the top 20.

Source: Secondary Markets Heating Up for Commercial Investors | Florida Realtors

Even top experts fumble on mortgage rate predictions because their rise and fall is based largely on investors’ attitudes, which can turn on a dime. Currently, investors fear possible inflation – the enemy of Treasury bonds. And as bond investment falls, mortgage rates (often) go up.

Source: Why Are Rates Rising? It’s Good – If You’re Not a Homebuyer | Florida Realtors