Despite a slight dip in real estate inventory and transactions, the Tampa Bay real estate market continues to keep the heat on as it continues to lead the way in second home and luxury home sales among U.S. counties. Moises Agami, CEO of Valor Capital, eyes the 1.9% population growth as wealthy Americans seek to relocate to Florida, as well as the draw of Clearwater Beach, named the top beach in the south, unique dining, extreme sports, and art infused with a mosaic of cultures as reasons for the influx. The result? His second luxury condominium project is initiating closings, having sold out in advance of its ribbon cutting.
CLEARWATER, Fla., July 10, 2023 /PRNewswire-PRWeb/ -- Florida is currently leading the way in second home and luxury homes sales among U.S. counties with the most transactions in 2023. (1) Despite a slight dip in inventory and transactions, the heat is on – especially in Tampa Bay. (2) Tampa Bay's internationally renowned beaches, striking architectural designs, extreme sports, and unique dining, shopping, theatre, and art experiences infused with a mosaic of cultures create a strong draw. Its perennial jewel, Clearwater Beach, has added the distinction of being named as the top beach in the south by USA Today to its credits. (3) Moises Agami, CEO of Valor Capital, as the Tampa Bay Business & Wealth's ''CEO Connect" panelist and thought leader, has been at the forefront of Tampa Bay's emergence and development as a competitive growth-industry leader.(4) He mirrors the sentiment of the National Association of Home Builders' CEO Jerry Howard in saying that "It's not an accident. The 1.9% population growth in Florida and its tax structure encourage growth of all sectors, welcoming them to this nirvana we call home."
The second key development in Valor Capital's Florida crown, Serena by the Sea, a luxury condominium in Clearwater, FL, has generated a $200 million economic impact that wasn't there before with over 1,300 jobs. Closings have begun ahead of their grand opening and ribbon cutting, with some residents moving in while other parts of the project are being finished. A two-day January video shoot in Clearwater by Fox Business News leveraged the financial community impact, interviewing residents that were moving here to Tampa Bay and bringing their businesses – and employees – here as well. Once again, Fox Business trained their cameras on South Florida to observe the ongoing trend of migration to the region, despite a slight decline in transactions and a notable departure of real estate agents. (5), (6)
Valor Capital is already driving local innovation and elevating communities in Clearwater with its luxury condominiums, where the finest materials and designs meet the utmost in resort-style amenities. Valor Capital's waterfront property, Serena By the Sea overlooks the Gulf of Mexico and incorporates relaxed-luxury architectural design and state-of-the-art technology to promote health and wellness. The pandemic underscored residents' needs that are now standard with each unit such as non-traditional, individual fresh air intake 24 hours a day, touchless entry systems on doors, and UV-disinfecting lights on all common area HVAC units. Well-being isn't just a way of life ─ it's part of the architecture.
Empty nesters looking to downsize, and retirees can enjoy a more luxurious and convenient lifestyle. And international buyers and real estate investors looking for a second home, rental income, or other property investments can take advantage of the area's robust real estate market.
Agami notes, "Tampa Bay is a peaceful paradise endowed with breathtaking beauty, spectacular beaches, and a vibrant multicultural atmosphere. It is perfect for those seeking a vacation-like lifestyle at a fraction of the cost of areas like Palm Beach and Miami."
Real estate has a deep economic impact on the lives of all Tampa Bay communities, and that contributes to Valor Capital's desire to help shape healthier, balanced lives in well-connected, efficient homes. Valor pays special attention to the health and wellness features integrated into its architecture. The affluent have shifted their priorities; luxury and personal well-being are at a premium.
Agami affirms, "Valor Capital is passionate about creating world-class work-life experiences. Our wellness-based engineering answers the demand for innovative and cutting-edge building design maximized for a sophisticated, forward-thinking, ambitious, and yet serene lifestyle with Tampa Bay as the ideal backdrop to luxury living at its finest."
Though Serena by the Sea is sold out, a few new inventory openings have become available. To be placed on a waiting list or to keep in the loop of the newest developments contact sales at Valor Capital (727) 441-2144 or online at https://valorc.com/contact-us/.
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 international development firm, Terra Capital Partners S.A. 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 antiviral engineering design used throughout the firm's newest developments. Visit http://www.valorc.com.
References:
1. Ramaswamy, Swapna. "It Must be That Southern Charm! These Areas in the South are Topping the Housing Index", USA Today, 22 May 2023, usatoday.com/story/money/2023/05/22/southern-states-top-2023-housing-market/70243139007/.
2. Peck, Eric C. "Florida Leading the Way in Second Home and Luxury Home Sales", DS News, 15 May 2023, dsnews.com/news/05-15-2023/florida-leads-luxury-home-sales.
3. Davis, Devonta. "USA Today Readers Name Clearwater Beach the Best in the South", Tampa Bay Business Journal, 05 June 2023, bizjournals.com/tampabay/news/2023/06/05/clearwater-beach-named-best-in-the-south.html?utm_source=st&utm_medium=en&utm_campaign=BN&utm_content=ta&ana=e_ta_BN&j=31713679&senddate=2023-06-06.
4. Gade, Hanna. "CEO Connect: Moises Agami Talks About Rough Weather, Both in Life and in Real Estate", Tampa Bay Business and Wealth Magazine, 21 March 2023, tbbwmag.com/2023/03/21/ceo-connect-moises-agami-talks-about-rough-weather-both-in-life-and-in-real-estate/.
5. Altus, Kristen. "US Housing Affordability Hell Can't Beat the Florida Heat", FOX Business, 24 January 2023, foxbusiness.com/real-estate/us-housing-affordability-hell-cant-beat-the-florida-heat.
6. Altus, Kristen. "Florida Real Estate Market Staying Hot Despite Agent Exodus: It's Not an Accident", FOX Business, 15 February 2023, foxbusiness.com/real-estate/florida-real-estate-market-staying-hot-despite-agent-exodus.
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SOURCE Valor Capital
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