A quick snapshot of what’s happening nationally — and how it may impact both South Florida and lifestyle markets like Park City.
Since 2019, rent growth across the country has been anything but uniform — and the data points directly to where people are actually working.
Cities with higher remote work percentages (20%+) — like San Francisco, Austin, and Denver — have seen slower rent growth. Cities with lower WFH rates (under 11%) — like Fresno, Virginia Beach, and Riverside — have seen rents jump nearly 50%.
Where people work is directly influencing where they live — and what they’re willing to pay. For South Florida and Park City, both lifestyle-driven destinations, this trend reinforces continued demand at the top of the market.
Nationally, there are now 47% more sellers than buyers — the largest gap in over a decade. In Austin, the imbalance is even more dramatic, with 128% more sellers than buyers.
We are not back to traditional inventory levels — but momentum is clearly changing.
For markets like Boca Raton and Park City, pricing strategy and property positioning matter more than ever. Sellers who price with precision and present with intention are still winning — those who don’t are sitting.
The Florida House voted to repeal ad valorem property taxes for homesteaded primary residences — excluding school funding. It sounds transformational — but the implications are layered.
For second-home markets like Boca Raton and Park City, this could meaningfully impact buyer behavior — potentially accelerating conversions from seasonal to primary residency and shifting the cost calculus for investment property owners. Watch this space closely.
It’s not New York. Bermuda is now ranked the most expensive place to live in the world — 23.5% higher than NYC.
Meanwhile, only about 7% of Americans live in New York City, placing the U.S. 142nd globally for population concentration in its largest city. The United States remains broadly decentralized by global standards — and that decentralization is a feature, not a bug, for lifestyle real estate markets.
Mobile, high-net-worth buyers are not tethered to a single city. They are choosing where to live based on lifestyle, climate, tax structure, and community quality — and markets like South Florida and Park City sit squarely at the intersection of all four.
Let’s talk strategy — whether you’re buying, selling, or watching the market.
Get in TouchCall (561) 445-2836