Manalapan is a small slip of a town in South Florida with just over 400 year-round residents, around 70 lots, and not much else. Most people, even some who live in nearby Miami, have never heard of it. But among those in the know—including Billy Joel and Tony Robbins—interest in moving to Manalapan has skyrocketed since the COVID-19 pandemic, local realtors and residents say. Unlike those moving to other parts of Florida, though, new Manalapan residents are much more likely to be billionaires, thanks to the town’s expansive oceanfront estates, relative privacy, and outsized listing prices. Estates are currently listed for up to $80 million with a median price of $16.8 million, but the typical home value was around $4.3 million in April, according to Zillow, making Manalapan one of the most expensive places to live in the country. Read more: https://lnkd.in/eQG-GeN7
Fortune’s Post
More Relevant Posts
-
How does the fall season affect the real estate market?🏡🌴🌞 𝘽𝙪𝙮𝙚𝙧 𝙖𝙣𝙙 𝙎𝙚𝙡𝙡𝙚𝙧 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮: In contrast to the typical fall downturn in real estate transactions observed nationwide, Florida's market tends to remain more robust. The state's enduringly mild climate is a significant draw, appealing to purchasers eager to sidestep the sweltering summer temperatures. 𝙄𝙣𝙫𝙚𝙣𝙩𝙤𝙧𝙮 𝙇𝙚𝙫𝙚𝙡𝙨: In Florida, the inventory of available homes has seen a notable rise, offering a greater selection to prospective buyers than in past years. This upward trend in property availability has persisted into the autumn season, affording a wider array of choices for those looking to purchase a home. 𝙋𝙧𝙞𝙘𝙞𝙣𝙜 𝙏𝙧𝙚𝙣𝙙𝙨: The housing market in Florida is exhibiting signs of equilibrium, with the median prices for both single-family homes and condominiums experiencing stabilization or a marginal decline as of September 2024. This trend suggests a favorable opportunity for prospective buyers to explore the market for potential bargains. 𝙎𝙚𝙖𝙨𝙤𝙣𝙖𝙡 𝙍𝙚𝙨𝙞𝙙𝙚𝙣𝙩𝙨: Florida is a popular destination for seasonal residents, commonly known as "snowbirds," seeking refuge from the cold northern winters. As a result, the demand for rental properties and homes typically rises in select regions throughout the autumn and winter seasons. Questions? Reach out to us anytime. THE SWFLA TEAM Jennifer Samuels Edward Lukasik Jr Mobile: 239-450-4675 Mobile: 630-768-5175 Email: jennifer.samuels@comcast.net Email : sellwithedjr@wearepros.com RE/MAX Affinity Mercato 877 91st Ave N, #2 Naples FL 34108 www.TheSWFLATeam.com #TheSWFLATeam #ReMaxAffinityMercato #ReMaxAgent #FloridaRealEstate #NaplesHomes #NaplesFloridaRealEstate
To view or add a comment, sign in
-
4 Best California Suburbs To Buy Property in the Next 5 Years, According to Real Estate Experts Exciting to see that Folsom was the only city in Northern California to make this list! Check out the details here! https://lnkd.in/gteX4guq #RealEstate #California #PropertyInvestment #Folsom #Suburbs
4 Best California Suburbs To Buy Property in the Next 5 Years, According to Real Estate Experts
finance.yahoo.com
To view or add a comment, sign in
-
📈 August 2024 South Florida Market Update! 🌴🏡 Curious about the latest trends in Boca, Parkland, and Coral Springs? New listings are up, homes are taking a bit longer to sell, and interest rates have dropped to the low sixes/high fives! Now's the time to reassess your real estate plans. Whether you're buying or selling, pricing your property correctly is key. Need guidance? The Mandel Team is here to help! 📞 #TheAgentYouWorkWithMatters #HousingMarketUpdate #SouthFloridaRealEstate #SouthFloridaHousingMarket #HousingMarket #SouthFlorida #RealEstate #HousingMarketUpdate #TheMandelTeam #EXPRealty
South Florida housing Market Update [August 2024]
floridahomefinder.com
To view or add a comment, sign in
-
Asking #rents are rising again in Southeast Florida after last year's downturn. The median #multifamily asking rents rose from the prior month in March 2024 in the counties of #MiamiDade (1.8%), #Broward (1.9%), #PalmBeach (4.3%), and #Martin (4.8%), although the asking rent fell in St. Lucie (-2.5%). The #MiamiDade market area is undergoing intense #construction activity, with 24,000 units under construction, or 19% of inventory. Another 18,000 units are under construction in #FortLauderdale and #PalmBeach, adding 10% to inventory. #Affordability conditions, #job growth, #migration are driving SE Florida's multifamily and single-family rental market. Check out the March 2024 report at https://lnkd.in/eTjzaK9M Miami Association of Realtors MIAMI Commercial BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS® Young Professionals Network (YPN) Miami Rental Beast
To view or add a comment, sign in
-
🏠💰Did you know that Las Vegas residents are spending more than 30% of their income on rent? A recent study by UNLV reveals that 58.3% of all renters in the Las Vegas metro region are 'housing cost burdened'. This is higher than the New York-Newark-Jersey City metro area (52.6%) and San Francisco-Oakland-Berkeley (48.9%). 💵💸 This could be due to a lack of diverse and adequate supply of rental housing in Las Vegas. As a real estate professional, I can help you navigate this challenging market. 📲 Reach out today by phone, text or DM... and let's discuss your options!! 📞📈🏡 Source: Review Journal. Read more here: https://ayr.app/l/Y4Ns Stephen Nunn Las Vegas REALTOR® | #nunnbetter Realty ONE Group | S.0200699 stephen@stephennunn.com #LasVegasRealEstate #HousingCost #RentalMarket #nunnbetter
To view or add a comment, sign in
-
Selling your home can feel like navigating a complex maze with unexpected turns at every corner, especially in a charming small town like Dunlap, TN. But just like any maze, knowing the right paths can make all the difference. 🧭 With years of experience in the real estate industry, focused on helping people settle into the unique rhythm of small-town life, I've seen many sellers bogged down by regulations, market confusion, and unforeseen pitfalls. Here's a simple guide to ensure you sell your home, not your peace of mind: 📜 Know the Regulations: Small towns may have specific zoning laws or historic district stipulations. Familiarize yourself, or partner with someone who's already got the playbook. 🔍 Disclosures Are Your Friend: Honesty isn’t just moral; it's also legal. Disclose any known issues with the property upfront to avoid legal troubles down the line. 🎯 Price It Right: Small towns aren’t big cities. Understand the local market dynamics to list your home at a price point that’s fair and competitive. 📢 Market Smart, Not Hard: In small towns, word of mouth is gold. Combine traditional marketing with community networking to find the right buyers. 🔗 Use a Local Expert: Navigating small-town real estate can be tricky. A local expert can connect the dots between regulations, market conditions, and potential buyers. Whether you’re upsizing, downsizing, or just looking for a change of scenery, remember that small town doesn't mean small opportunities when it comes to the real estate market. Dunlap dwellers and future residents, what's one thing you wish you’d known before buying or selling a home in a small town? Let's make this a treasure trove of shared wisdom! 🌳💡 #RealEstate #SmallTownLiving #HomeSelling #DunlapTN
-
+2
To view or add a comment, sign in
-
There are lots and lots of pricey neighborhoods in the US and the amount needed to get into the top ones has shot up over the past 4 years or since the pandemic upended the US economy. In February 2020, the typical home in the 1,000 most expensive US neighborhoods ranged from $1.1 million to about $10.6 million, according to figures from Zillow. Now, the entry point to move to a top neighborhood is $1.3 million. A home in the most expensive spot in the country, Gables Estates in Coral Gables near Miami, exceeds $21.1 million. The shift can be particularly seen in the massive gains Floridians with homes in the ritziest neighborhoods have experience. In February 2020, before the pandemic, California was home to six of the 10 priciest neighborhoods in the country, while Florida and New York City had two each. Today, seven are located in Florida, while three are in California’s Beverly Hills and Malibu, according to data from Zillow Group Inc. See my latest for Bloomberg News #wealth #housing
Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US
bloomberg.com
To view or add a comment, sign in
-
Hello everyone and welcome to July Market Snapshot We have just received the July data for single-family homes, townhouses, and condos. This report details the recent real estate activity in Palm Beach County and compares the year-over-year data. The single-family home market saw a slight increase of just 1,164 closed sales in 2023 to 1,174 closed sales in 2024, which is only 10 more sales than last year. The median home price increased from $600,000 to $644500, a 7 and half % rise. Additionally, the time spent on the market increased 59% from 22 days to now taking 35 days to secure a contract. The current listing inventory stands at 5,159 active listings compared to 3,430 active listings in 2023, a 50% increase in inventory. To Discuss the Sale of your Home, Call or Text me at 561-254-2254 💥 #JamesViscome #YourHomeSoldGuaranteedRealtyServices #RealEstate #Florida #WestPalmBeach #Greenacres #BoyntonBeach #Lakeworth #PalmBeach
To view or add a comment, sign in
-
Welcome back to news of 𝗕𝗿𝗼𝘅𝗯𝗼𝘂𝗿𝗻𝗲’s property market, where each week I bring you different local property market stats and trends. This week I am back again with the October’s £/sq.ft statistics. The average property presently in 𝗕𝗿𝗼𝘅𝗯𝗼𝘂𝗿𝗻𝗲 is on the market for £469 per square foot, a figure representing the current heartbeat of 𝗕𝗿𝗼𝘅𝗯𝗼𝘂𝗿𝗻𝗲’s property market. Last month it was £466 per square foot. That doesn’t mean 𝗕𝗿𝗼𝘅𝗯𝗼𝘂𝗿𝗻𝗲 house prices have changed by that percentage, just the mix of properties for sale, thus changing the £/sq.ft figure. This snapshot is crucial for 𝗕𝗿𝗼𝘅𝗯𝗼𝘂𝗿𝗻𝗲 homeowners and landlords; it's not just a number but a story of our community's property market. Each month, I will revisit that figure and use it to gauge the health of our local property market. Are you keen to know how your home aligns with these trends? I invite you to a no obligation chat about your property's potential value – no strings attached. Stay informed, stay ahead, and stay connected with 𝗕𝗿𝗼𝘅𝗯𝗼𝘂𝗿𝗻𝗲's property market beat. 📱07772201312 📧ramona.harbuz@thepropertyexperts.co.uk #ThePropertyExperts #broxbourne #localestateagent #propertymarketupdate
To view or add a comment, sign in
1,932,940 followers