While some real estate markets around the country are seeing a slowdown from previous years, the affluent real estate market in Tampa Bay continues to thrive as professionals, and business owners flock to the Gulf Coast of Florida. Valor Capital celebrates a remarkable success as its luxury condominium project in Clearwater/Dunedin, Serena by the Sea, just sold out ahead of schedule and without a single MLS listing.
CLEARWATER, Fla., Aug. 31, 2022 /PRNewswire-PRWeb/ -- Last month, home prices in several west coast areas saw the first decline in three years and the biggest since 2011. (1) In the same period, home prices in Tampa Bay were up 24% compared to last year, (2) and Tampa Bay is number three on the list of places people want to move. (3) Aware that the migration from the northeast to Florida will likely keep real estate demand strong despite interest rate hikes (4) and impressed with Serena by the Sea's striking architectural designs reflecting high living, buyers purchased all 80 waterfront units before the estimated completion date in the first quarter of next year. The original projected completion date was December 2023.
Since the launch of this resort-style luxury condominium design, Valor Capital has been ahead of schedule. Serena by the Sea is now setting new records thanks to the incredible sales and design team of Valor Capital. All 80 units sold without a single MLS listing. The healthy condominium design with open floor plans and world-class amenities sold for more per square foot than many active new construction condominium listings in the area. Serena by the Sea set records for the second highest transaction per square foot under contract vs closed transactions in the past six months and the third highest in the past year for similar properties in all of Pinellas County.
Even in the thriving Tampa Bay housing market, Serena by the Sea's thoughtful design stands out. The partners that helped reach the community and fulfill Valor Capital's vision include DKor International for Interior Design and Conway & Partners for brand positioning and marketing. Top-of-the-line appliances were provided by Gaggenau. Truist Bank's Nicole Peterson and Darryl Derwort are helping Valor Capital's clients with loans to purchase their units.
Ryan Serhant, CEO, Founder, and Broker, SERHANT., attended the Grand Opening, and several real estate agents helped buyers take advantage of this unique opportunity. These include Kelli Azeman of Robert Slack, Charyl Tingwall of RE/MAX Realtec Group, Eugene Smiley of Engel & Volkers, Beverly Carrollo of Rest Easy Real Estate, Deborah Kowal of Century 21 Coast to Coast, Lambdin Freeman of Beach to Bay Group, Michael Choiniere of Berkshire Hathaway, and Malia Smiley of Charles Rutenberg Realty amongst many others.
While new condominiums are not unusual in the affluent real estate market of Tampa Bay, Valor Capital creates something special. Recognizing that, post-COVID, buyers value a healthy lifestyle, Valor Capital brings luxury, healthy condominium design, and amenities together in a way that buyers recognize and appreciate.
About Valor Capital
Valor Capital is a team of entrepreneurs passionate about creating world-class real estate experiences. They are an affiliate, a new venture spinoff of an international development firm, Terra Capital Partners SA de CV (Terra Capital Partners). With a four-decade history of real estate developments in office, hospitality, medical, commercial and luxury residential product offerings — and a multi-billion-dollar portfolio and tens of millions of square feet already developed and sold — Valor's developments are always on the cutting-edge, with proprietary anti-viral engineering design used throughout the firm's newest developments. Visit http://www.valorc.com
1) Olick, Diana. "Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011." CNBC News, August 24, 2022, https://www.cnbc.com/2022/08/24/home-prices-fall-for-the-first-time-in-three-years-biggest-drop-since-2011.html.
2) Redfin. "Tampa Housing Market." Retrieved August 25, 2022, https://www.redfin.com/city/18142/FL/Tampa/housing-market.
3) Berdychowski, Bernadette. "Tampa is No. 3 on list of U.S. cities where people want to move" Tampa Bay Times, March 24, 2022, https://www.tampabay.com/news/business/2022/03/24/tampa-is-no-3-on-list-of-us-cities-where-people-want-to-move/.
4) Liebson, Rebecca. "Is Tampa Bay's hot housing market finally cooling off? What buyers should know." Tampa Bay Times, July 20, 2022, https://www.tampabay.com/news/real-estate/2022/07/20/is-tampa-bays-hot-housing-market-finally-cooling-off-what-buyers-should-know/.
Karla Jo Helms, JoTo PR™, 727-777-4619, [email protected]
SOURCE Valor Capital