The ongoing coronavirus pandemic has fundamentally changed the way that the world is operating. It shouldn’t surprise anyone to see that the real estate market has changed along with the rest of the industries across the world. At a time when over-crowding and densely populated areas are being closely associated with the spread of COVID-19, homebuyers are looking to move away from their city homes for more rural pastures, leaving the larger cities behind altogether. As the Northeastern region of the area continues to experience booms in real estate sales, interested parties are eager to take advantage.
Right now, we are seeing a profound change in the way that major corporations are working with their clients. While remote work has thankfully improved during the COVID-19 pandemic, it has also illuminated the lack of need for major city hubs for traditional business ventures. As a result, employees and employers are no longer demanding that they each be located in the same major population hubs. If you or someone you know has been interested in moving to a new location in Florida, now is probably a fantastic opportunity.
Leaving the big cities behind to live in luxury homes along the Floridian coastline can sound like a pretty sweet deal. After all, life away from the city can be linked exclusively to a range of benefits for singles, couples, and family units alike. Among the most popular locales along the coastline is the city of Tampa Bay where natural harborage and shallow estuary works to connect the west coast of Florida to the Gulf of Mexico.
Known around the country as a premier vacation spot, Tampa Bay is also a natural destination for house-hunters eager to make a good buy. In the past year alone, the total number of homes in Tampa selling for more than $1 million has risen by nearly 9%! Tampa Bay continues to grow in popularity as a premier destination along the coastline for individuals looking to leave the crowded life of Miami and other such cities behind. According to a report by Redfin, nearly 27% of American homebuyers are planning on relocating to a more rural and less dense area. It is very clear that there is going to be a nationwide surge away from major population centers, the continuation of COVID-19, or otherwise.
As more people are moving to the northeastern homebuying market, it has become increasingly clear that representation is of the utmost importance. For that reason, many potential Tampa Bay transplants are looking to work with the team at Tampa Homestyles in order to find luxurious and in-demand properties located in places of opportunity. Tampa Homestyles carries a massive catalog of listings with everything from luxury homes and large office spaces to gym facilities with external pools. Waterfront properties and luxurious manors are also available to the right buy with the right taste!
Tampa Homestyles isn’t new to the world of luxury real estate. These real estate professionals have been moving sales throughout the COVID-19 pandemic, showing that their work doesn’t stop for anyone. One of the most recent high-profile sales performed by Tampa Homestyles includes a waterfront mansion in Tampa valued at more than $6.4 million at the time of closing. This is the highest ever recorded paid price for a spec home in the city of Tampa Bay.
According to the National Association of Realtors, there has been an increase in potential home sales by 44.3% since the launch of the sales index back in 2001. With high demand and amazing price opportunities, now might be the right time to start shopping for a luxurious home on the Tampa Bay coast.