The frenzied South Florida market has finally begun to mellow, offering an opportunity to survey how much the landscape has changed since the pandemic’s migratory buyers came flocking.
While new price records for neighborhoods, counties, and the entire state of Florida have defined the market, flips have proven to be a truly show-stopping sign of the times. Demand for luxury properties and limited supply have translated into properties flipping in as little as a month, and more than a few homes selling for double their last price within a year.