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Kerry Lutz's--Financial Survival Network

Sep 21, 2021

It’s hard to know what exactly is happening in Florida real estate without talking to someone in the field. Today we have the founder of RealTrade, Ryan Poole, on the podcast to give us some insider knowledge on what is happening, and why real estate is booming so much—especially in South Florida as a result of the pandemic. Poole also tells us a bit about RealTrade, which is a platform that allows for communication between realtors, buyers, and sellers that enhances the realty experience.

-What’s happening with Florida real estate?
-Every county essentially has a different market
-2012: Florida was about to overtake New York as the third most populated state
-Things have heated up in the market over the last eight or nine months
-Especially since the pandemic, there has been a huge boom in real estate—clients are coming from all over
-Things staying open in Florida during the pandemic was a major attraction for buyers
-Florida has always been relatively cheaper
-There is not enough real estate to go around with the high volume of buyers—this also has caused prices to rise
-Prices in South Florida are still pretty attractive in comparison to the rest of the country
-South Florida is also becoming a financial epicenter, with the tech industry growing as well
-Florida is just one of the states people are running to—and one of the biggest
-Zillow doesn’t necessarily offer the most accurate information—a lot of baiting happens
-Agents work hard to get listings; Zillow gets this data and populates their platform with it
-Zillow owns 75% of the marketshare in terms of online presence
-Relators essentially end up working for Zillow
-RealTrade allows the realtors to own and manage the marketplace
-Agents network with one another to facilitate business, and buyers and sellers can also ask questions and contact realtors
-Waterfront properties in very high demand as well as golf course communities—we probably could see more rises in prices here

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