Luke Salm Realtor

BRRRR it’s getting cold 🥶

Amazing Deal and Insane location on this Triplex in Downtown St. Pete! From almost needing a police es**rt, two hurricanes, one rogue tenant, and 3 months of being under contract to almost canceling the contract day of closing…I couldn’t be happier for the deal we locked in for my buyer!

The journey to something truly worthwhile is rarely straight forward. If you see the same tree twice in the forest, it’s because you’re lost. Every setback is an opportunity to learn, adjust, and grow into the person you’re seeking to become.

📊 Real Estate vs. Stock Market 🏡📈

STOCK MARKET

•Recent highs despite economic uncertainties. 📈
•Risk: Potential correction due to high valuations and inflation concerns. 📉

REAL ESTATE

•Home prices high, closely matching inflation rates. 🏡
•Risk: High interest rates and affordability issues could lead to a market cool-down. ❄️

Which one will you pick for your investments? Stocks, real estate, or both?

🏘️✨ Tampa Bay Single Family Listings ✨🏘️

Many of you are looking to buy your first home! Check out all the single family homes under $300,000 in Tampa Bay Metro located outside of flood zones. 🏡👍

🔍 Quick Highlights:

•Type: Single Family
•Price: Under $300,000
•Size: Minimum 1,250 SQ/FT
•Location: No Flood zones/ No 55+ Communities
•Layout: 2 Bed/ 1 Bath Minimum

BLESSED to have such a smooth transaction on this beautiful property 🎊🙏 🎉

Nothing beats the smile on your clients face on closing day!! Looking forward to the next St. Pete Gem 💎🏡

🏘️✨ Tampa Bay Multifamily Listings Alert! ✨🏘️

Many of you ask about multifamily options in our area, so here’s the latest update for you! Check out all the duplexes and triplexes under $500K in Tampa Bay featuring block construction and located outside of flood zones. 🏡👍

🔍 Quick Highlights:

•Type: Duplexes and Triplexes
•Price: Under $500K
•Construction: Block
•Location: Not in flood zones
•Availability: Currently, there are no quadplexes active on the MLS with this criteria

📊 Rental Market: TAMPA vs. MIAMI

TAMPA ☀️
Rent Increase: 50%
Wage Increase: 15.3%
Gap: 34.7% (highest in the nation)

MIAMI 🌊
Rent Increase: 52.6%
Wage Increase: 20.4%
Gap: 32.2% (second highest in the nation)

How do I avoid this gap? Message me 📲

🏠 Selling is one of the hardest and most important parts of the home ownership process

💰 Expenses rise for Homeowners: taxes, insurance, HOA, CDD fees, etc.

💸 Post-pandemic savings depleted, interest rates up, incomes stagnant

🏦 2.1 Trillion in savings THEN -> NOW 0.4 Trillion
Not including 401k (just cash in bank)

💳 US households spending at a pace of $72 billion/month from THEN -> NOW

💳 330 Billion in credit card debt THEN -> NOW at 1.1 Trillion

💳 38-42% have been delinquent on buy now pay later

What happens when people run out of cash savings? What happens if rates stay high or go up? What’s my next step?

Make Smart Decisions and work with someone you Trust!

💵 Purchased on lowest median household income of $50,400

🏠 Targeted smallest properties under 1,500 SQ/FT

💰 $72,000 difference in equity of those who purchased their 1st home between ages 25 - 34 and those who waited until 35 - 44

🏘️ 45 and older the equity difference jumps to more than $100,000

You’ve all seen it, but have you been inside?!?
$1,300,000 • 4 🛏️ • 3 🛁 • 2,348 SQ/FT • Built 2014

Sunset Beach’s Finest‼️
Open House Saturday, April 27th 12:00pm - 2:00pm

💰🏡 $500,000 for a house?! 🤯

2019: Average Home Prices - $313,000
Last Quarter: Average Home Prices - $418,000

If we witness another 20% surge, prices could skyrocket to a staggering $501,000! 📈💥

Will inflation be tamed or will we experience yet another buying spree? 🤔💸

With the notable exception of 2008, home sales and prices have seen growth in every preceding election year. 📊🏠