Tampa Bay recently outpaced Phoenix to lead the nation in housing price increases. Tampa area prices continue to rise even as 30 metro areas nationwide saw housing prices go down this July. Contributing to the health of the Tampa Bay housing market is a steady migration from the Northeast to Florida. As COVID-19 freed more people to work remotely, new Gulf Coast of Florida residents are choosing a warmer climate and more relaxed lifestyle.

Buyers in the affluent real estate market of Tampa Bay want luxury living, but COVID-19 brought attention to critical health factors. Affluent buyers are aware of the risks of living in densely populated areas or in condominiums with recycled air.

One Tampa area developer, Valor Capital, is outshining competitors with thoughtful, healthy condominium designs that combine striking architectural designs reflecting opulence and quality with features such as touchless entry, air filtration, solar panels, and UV disinfecting lights in all common areas. Their most recent condominium project, Serena by the Sea, in Clearwater/Dunedin, sold out ahead of schedule and without a single MLS listing.

• August 2022, there were 22 new construction condos listed on the MLS UNDER CONTRACT/PENDING—Valor’s highest unit went under contract at  $1,107.46 per sq.ft. in July.
•  Valor was the second highest under contract per sq. ft. against the last six months of CLOSED transactions—and the 3rd highest against SOLD transactions one year back

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 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 www.valorc.com