JULY/AUGUST 2020 | TAMPA BAY MAGAZINE 103
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REAL ESTATE
THE MARKET
HAS SPOKEN
By Linda Ross Preston
I n the wake of the pandemic, the
question my friends and customers
ask most frequently is, “Linda,
what’s going on in the local real
estate market?” Usually, the question is
posed with hope in their eyes and a touch
of uncertainty in their voices, as we’ve
all been bracing ourselves for what the
potential fallout and economic impact
of the pandemic might be.
I am beyond proud to share that the
first week of June was the best week in our
company history at Coastal Properties
Group & Christie’s International. We
saw $53 million in property go under
contract over 84 transactions. It has been
incredible! Simply stated, the market has
spoken and is thriving.
Couple that with the high demand
for real estate in Tampa Bay along
with historically low interest rates and
extremely competitive inventory, and you
have a recipe for success. Also driving
the market is strong demand from buyers
relocating from our northern states.
It’s interesting to note that our luxury
market is doing particularly well, with
real estate viewed as a stable and sound
investment. We have much to be thankful
for as a community when we look at
these statistics and findings because we
continue to grow and prosper.
How does this affect you? Well, if
you’ve considered making a move, there
is no better time for buyers or sellers.
Please reach out to me with any questions
– it would be my pleasure to discuss the
market as a whole and how it relates
to your personal goals and desires. An
excellent agent is the key to a successful
transaction. 9
EDITOR’S NOTE: Linda Ross Preston of
Coastal Properties Group can be reached at
(813) 318-2408, or by emailing her at Linda
Ross Preston@CoastalPGI.com.
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