Florida Real Estate Guy

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Florida is contending with a condo crisis, and the ballooning costs of ownership are a big reason why.

A combination of insurance increases, special assessments and limited financing options have elevated costs beyond what many are able to bear. That has sparked a wave of sales, flooding the market and straining prices.

Retirees Rob and Karen Dickson moved from upstate New York to Punta Gorda, Fla., in 2021. They paid $319,000 for a condo with a terrace on the third floor, overlooking a golf course inside their gated community.

“It was wildly affordable,” Rob said.

Two years on, their insurance rates doubled after a hurricane, and the unit was hit with a $7,200 special assessment to pay for building upgrades. Their HOA fees soared by 25% to nearly $800 a month.

The couple listed the unit for sale last summer. They competed with 43 other condos for sale in the same community and accepted an offer for $358,500, about $20,000 below their asking price.

Why Florida’s Condo Owners Are So Desperate to Sell Insurance increases, special assessments and limited financing options have sharply elevated costs.

It's actually a great time to buy here in Florida!

Call me if you're thinking of buying here in Florida!!

Steve Cataneo
Broker Associate
Exp Realty
732-492-7108

https://www.newsweek.com/florida-residents-struggling-sell-homes-not-getting-showings-2060419?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwY2xjawJ6GMtleHRuA2FlbQIxMQABHvyr06jk0tvjUA3QJqL9ppUr5RLPa_d-ZK2YrHDBPTJO5qa87dKKHOcomAAr_aem_c324h9dk6l5PYaJIRV5qIg =1745607865

Florida residents struggling to sell their homes—"Not getting any showings" Florida sellers are growing frustrated with the lack of buyers interested in their homes.

JUST LISTED!

Lakefront Home in Sarasota Florida...

This 4 bedroom, 2 bathroom home is located in the desirable Cedar Creek Community, has it all! Location, Pool, Lanai and Lakefront Luxury Living...

Home features newer roof, impact windows & newer HVAC, and is NOT in a Flood Zone. This home did not flood in either of the hurricanes in 2024.

Don't miss seeing this beautiful home!
3414 Shady Brook Ln, Sarasota, Florida
Listed at $569,990

Steven Cataneo
Broker Associate
Exp Realty
732-492-7108

Shadow Brook Ln, Florida 34221, USA View this listing posted by Carroll Marketing on Spiro

https://www.floridarealtors.org/news-media/news-articles/2025/02/2025-re-trends-whats-next-fla-housing

2025 RE Trends: What’s Next for Fla. Housing? Could Fla. be on the cusp of a buyer’s market? Yes, in some local areas, Florida Realtors chief economist said at Friday’s Mid-Winter Meetings’ RE Trends event.

Florida Living at its Best!

Take a look at our Virtual Tour of this beautiful 2 bedroom, 2 bathroom condominium, located in desirable St Petersburg Florida.

This fully updated unit is in a vibrant 55+ community, located near shopping and everything else that makes St Petersburg one of the most attractive places to live in Florida.

This building is not in a flood zone and it has passed Florida's Milestone Inspection...

Priced at $149,990

Call to schedule a private viewing appointment:
Steve Cataneo
Broker Associate
Exp Realty
732-492-7108

1950 59th Avenue, #214, ST PETERSBURG, FL 33714 $149,990, 2 beds, 2 baths - Contact Steven Cataneo, eXp Realty, 732-492-7108 for more information.

Check out this beautiful 55+ Condo in
St. Petersburg, Florida...

Call:
Steve Cataneo
Broker Associate
Exp Realty
732-492-7108

https://tourfactory.com/3181694?fbclid=IwY2xjawGo1i5leHRuA2FlbQIxMQABHeaP3ueCSDvozsXyzpU1k5Xn_YsnFQ7earLEr1b4sRxvewkLCT22GO2ayg_aem_MIUYrBg2sClz-bfhwhshRA

www.tourfactory.com