Florida Housing MarketIt wasn't devastating but April 2020 did reflect a negative impact on the housing market through much of Florida. Last month, Florida Realtor's reported a nearly 21% drop in closed single-family home sales year-over-year, and a 36.5% drop in closed condo sales.

If that wasn't enough, April's figures also revealed a 27.2% drop in newly listed single-family homes and a 38.5% drop in condos/townhouses, further tightening an already low inventory. Not surprisingly, pending sales also saw similar declines of about 35% in the single-family home category and a whopping 56.6% in the condo/townhouse category.

Despite being what will likely be the weakest month of the year, however, experts are optimistic that the market in Florida is already showing signs of…

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Buying New Construction During Economic DownturnThe inventory of existing homes has dropped significantly in recent weeks as many home owners de-list their properties due to an uncertain future brought on by a global pandemic. According to new data, the supply of existing homes on the market nationwide dropped by a startling 24% in April, while newly-built inventory fell just 10.5%.

Broken down by property-type, existing condo inventory recorded the largest slide in inventory with new listings falling by nearly 30%. By comparison, newly listed single-family homes dropped by just 9.8%. 

As existing inventory keeps falling, however, new construction properties are now occupying a larger piece of the inventory pie, resulting in 1 out of every 5 homes sold in April being new construction. That figure…

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Historic Kenwood NeighborhoodFrom its historic homes to its nightlife, there’s plenty to see and explore in St. Petersburg's Historic Kenwood neighborhood. And if you're thinking about a move to the area, we've devised a running list of things you’re sure to love about calling Kenwood home...

The Local Nightlife

Located just to the west of Downtown St Petersburg, there’s always something going on in this diverse area. From bars and nightspots to architectural tours and the state’s largest Pride celebration, this vibrant neighborhood is filled with options.

The Historic Homes

Another thing you’re sure to love about Historic Kenwood are all the historic homes you'll find along its quiet, tree-line streets. You’ll find a large number of Craftsman-style bungalows throughout…

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The Covid 19 pandemic has hit nearly every industry hard and the housing market is no exception. According to new data from both the Florida Realtors and the National Association of Realtors, existing home sales in April dropped by 17% throughout the U.S., which is right on par with what we saw in Tampa as well. In fact, Hillsborough County saw an 18% drop in single-family home sales in April compared to 2019, while Pinellas County fell 27%.

Nearby Pasco County fared slightly better, with just a 12% decline.

A deeper dive into the data also revealed single-family homes priced under $250,000 saw the biggest decline in sales of any category, while higher-priced homes in some areas have sold at a rate higher than 2019. Unfortunately, much of Pinellas…

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