{"id":828647,"date":"2022-10-20T19:06:47","date_gmt":"2022-10-20T17:06:47","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/redfin-reports-pending-home-sales-plummet-over-50-in-three-florida-metros-hit-by-hurricane-ian\/"},"modified":"2022-10-20T19:06:47","modified_gmt":"2022-10-20T17:06:47","slug":"redfin-reports-pending-home-sales-plummet-over-50-in-three-florida-metros-hit-by-hurricane-ian","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/redfin-reports-pending-home-sales-plummet-over-50-in-three-florida-metros-hit-by-hurricane-ian\/","title":{"rendered":"Redfin Reports Pending Home Sales Plummet Over 50% in Three Florida Metros Hit by Hurricane Ian"},"content":{"rendered":"

\nCape Coral saw pending sales sink 58%\u2014nearly double the national decline\u2014while Naples and North Port saw similar drops. New listings also slumped in all three metros\n<\/p>\n

SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) \u2014 Pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16 in the aftermath of Hurricane Ian, according to a new report<\/a> from Redfin (redfin.com<\/a>), the technology-powered real estate brokerage. That\u2019s nearly twice the nationwide decline of 32%.\n<\/p>\n

<\/a><\/p>\n

\nPending sales also slumped in the nearby Naples (-52%) and North Port (-51%) metro areas.\n<\/p>\n

\nOther Florida metros experienced large\u2014but less severe\u2014declines. Pending sales fell 47% in Miami, 46% in Jacksonville and 43% in West Palm Beach. They were down more than 40% in Deltona, Tampa and Orlando.\n<\/p>\n

\nSouthwest Florida saw outsized decreases in pending sales as the storm quashed home listings. In Cape Coral, new listings sank 59% year over year during the four weeks ending Oct. 16\u2014more than triple the national decline of 19%. They fell 53% in Naples and 40% in North Port.\n<\/p>\n

\nNew listings also fell in other parts of Florida, but not as sharply. They were down 33% in Jacksonville, 30% in Orlando and 28% in both Tallahassee and Tampa.\n<\/p>\n

\nHurricane Ian has exacerbated a housing-market slowdown in Southwest Florida that was already more severe than the downturn in other parts of the U.S. North Port and Cape Coral were among the fastest cooling housing markets in the country prior to the storm. That\u2019s largely because scores of people moved in during the pandemic, which drove prices to record highs and caused the markets to overheat. Cape Coral had the highest price growth in the nation in August, the month before the storm. Tampa, North Port and West Palm Beach rounded out the top five.\n<\/p>\n

\nCape Coral, North Port and Tampa have consistently ranked on Redfin\u2019s list of most popular migration destinations during the pandemic. Popularity is measured by net inflow, or how many more Redfin.com users looked to move into an area than leave.\n<\/p>\n

\nWhile nearly two-thirds of homebuyers and sellers say they\u2019re hesitant to move somewhere with climate risk, many still did during the pandemic because they were searching for relative affordability, lower taxes and\/or warm weather. A 2021 Redfin analysis found that more people moved into than out of the U.S. counties with the largest share of homes facing high flood risk from 2016 through 2020\u2014a trend that intensified during the pandemic moving frenzy.\n<\/p>\n

\nWhile pending home sales and listings are plunging in Southwest Florida, home prices remain elevated. In Cape Coral, the median new listing price rose 15% year over year to $408,231 during the four weeks ending Oct. 16. That\u2019s nearly double the national increase of 8%. The median new listing price climbed 14% in North Port and 24% in Naples.\n<\/p>\n

\nWhile prices remain up on a year-over-year basis, price growth has slowed from recent weeks. If prices continue to ease, more investors may see an opportunity to buy and flip damaged homes in Southwest Florida. Florida is already a hotspot among investors. In Jacksonville, 31.9% of homes that sold in the second quarter were bought by investors\u2014a higher share than any other market analyzed by Redfin. Miami, Orlando and Tampa were also in the top 10.\n<\/p>\n

\nTo view the full report, including charts, please visit: https:\/\/www.redfin.com\/news\/florida-home-sales-fall-hurricane-ian\/<\/a>\n<\/p>\n

\nAbout Redfin\n<\/p>\n

\nRedfin (www.redfin.com<\/a>) is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country’s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.\n<\/p>\n

\nFor more information or to contact a local Redfin real estate agent, visit www.redfin.com<\/a>. To learn about housing market trends and download data, visit the Redfin Data Center<\/a>. To be added to Redfin’s press release distribution list, email press@redfin.com<\/a>. To view Redfin’s press center, click here<\/a>.\n<\/p>\n

Contacts <\/p>\n

\nRedfin Journalist Services:
Isabelle Novak, (414) 861-5861
\n
press@redfin.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Cape Coral saw pending sales sink 58%\u2014nearly double the national decline\u2014while Naples and North Port saw similar drops. New listings also slumped in all three metros SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) \u2014 Pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16 in the aftermath […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-828647","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nRedfin Reports Pending Home Sales Plummet Over 50% in Three Florida Metros Hit by Hurricane Ian - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/redfin-reports-pending-home-sales-plummet-over-50-in-three-florida-metros-hit-by-hurricane-ian\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Reports Pending Home Sales Plummet Over 50% in Three Florida Metros Hit by Hurricane Ian - BeBeez\" \/>\n<meta property=\"og:description\" content=\"Cape Coral saw pending sales sink 58%\u2014nearly double the national decline\u2014while Naples and North Port saw similar drops. 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