Current Market Status

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Current Market Status

Anthony KirchmannPro Member
Rental Property Investor · FL · Member since 2026 · 9 posts · 5 votes

Hello everyone!

Currently I have three land parcels in Florida, and I am waiting for them to sell. The market has been slow and I am feeling it. Is anyone else experiencing this? 

I am looking for small multifamily in Florida as well. 

Does anyone have any advice? 

Thank you! 

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Abel CurielBusiness Member
Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
7mo

Hello @Anthony Kirchmann,

We're helping a client sell a land parcel in Central Florida, and we're expecting a bit of a slow process. Some local brokers have cited an uptick in land sale fraud as a reason for the market softening. Other factors include environmental requirements. For example, removing certain species living on the land requires specific guidelines and is costly. Curious to hear if anyone has experienced this.

Regarding your multifamily search, I'd recommend checking both expired listings and what's on the market. In some New York submarkets (i.e., suburbs and low-inventory markets), there are a lot more expired listings than active/available listings.

I'd recommend using the search feature or agent finder tool if you aren't already working with an investor-friendly realtor.

All the best!

Abel

REbuild Team - eXp Realty5234 Reviews
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  • Abel CurielBusiness Member
    Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
    7mo

    Hello @Anthony Kirchmann,

    We're helping a client sell a land parcel in Central Florida, and we're expecting a bit of a slow process. Some local brokers have cited an uptick in land sale fraud as a reason for the market softening. Other factors include environmental requirements. For example, removing certain species living on the land requires specific guidelines and is costly. Curious to hear if anyone has experienced this.

    Regarding your multifamily search, I'd recommend checking both expired listings and what's on the market. In some New York submarkets (i.e., suburbs and low-inventory markets), there are a lot more expired listings than active/available listings.

    I'd recommend using the search feature or agent finder tool if you aren't already working with an investor-friendly realtor.

    All the best!

    Abel

    REbuild Team - eXp Realty5234 Reviews
    WebsiteView Page
    1Reply
  • Rodney MenendezPro Member
    Developer · South West Florida · Member since 2020 · 74 posts · 53 votes
    7mo

    I’m seeing the same trend, especially with raw land. Buyers are more cautious right now with higher holding costs (rates, insurance, taxes), so vacant parcels without a clear development plan are sitting longer.

    What’s still moving in SWFL are projects where the timeline risk is reduced — meaning permits submitted or near approval and a defined build budget. Investors seem more comfortable when they can underwrite a clear path to completion instead of speculating on land alone.

    For example, we're working on a duplex in Cape Coral (3/2 each side, city water/sewer) where permits are already in process. Total project cost is roughly mid-$400s (land + construction) with ARV projected in the mid-$500s. Deals structured like this have been getting stronger traction than raw dirt.

    Curious if others are seeing the same shift toward “ready-to-build” vs. pure land plays in their markets?

    [email protected]239-288-0702
    1Reply
    • Lydia Winn
      Member since 2025 · 91 posts · 55 votes
      7mo
      Quote from @Rodney Menendez:

      I’m seeing the same trend, especially with raw land. Buyers are more cautious right now with higher holding costs (rates, insurance, taxes), so vacant parcels without a clear development plan are sitting longer.

      What’s still moving in SWFL are projects where the timeline risk is reduced — meaning permits submitted or near approval and a defined build budget. Investors seem more comfortable when they can underwrite a clear path to completion instead of speculating on land alone.

      For example, we're working on a duplex in Cape Coral (3/2 each side, city water/sewer) where permits are already in process. Total project cost is roughly mid-$400s (land + construction) with ARV projected in the mid-$500s. Deals structured like this have been getting stronger traction than raw dirt.

      Curious if others are seeing the same shift toward “ready-to-build” vs. pure land plays in their markets?

      I agree. Especially with higher interest rates and fears about the economy, net-new builds requiring raw land are becoming rarer and you may be running into that.
      0Reply
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