Living within city limits of major metropolitan areas used to be a must for many career-focused families. Being close to the office and steps away from the energetic buzz of culture and nightlife were perks that offset things like higher living costs and less square footage that come with city living. Over the last year however, homeowners have started re-evaluating what they are looking for in buying a home and have prioritized lifestyle in addition to short term needs. As a result, the market has seen a trend of people widening their home search to the suburbs and surrounding areas. This new trend is having a considerable impact on the U.S. housing market by changing consumer sentiment and behavior, let’s see why.
Growth in Suburban Real Estate Sales
As homeowners seek out residences with more room and comfortable remote workspaces, sales for single-family properties in the suburbs have surged 17.3% since June. Prices for suburban housing remain competitive and interest rates are historically low, making it considerably appealing to move away from the city. This new trend is also bringing families together. Homeowners figure why not invest in a larger, updated space with more amenities and closer to nature? Properties in communities with nature trails, nearby parks, and water activities are seeing a surge in online searches.
Located in the northeast corner of Florida, beautiful Nassau County sprawls along Florida’s northernmost coast. A new master-planned community by GreenPointe Developers offers incredible value in a beautiful, natural sanctuary. Tributary has exactly what today’s suburban-seeking home buyers are looking for. This 1,550-acre community is set in nature and just minutes away from A-rated schools, premium healthcare, and countless outdoor adventures.
Home is the New Office
Millions of people are now working remotely from home, so the need to be close to an office has dwindled. Homeowners now want the place they live to be optimized for virtual work, and they want their “office” to be comfortable. This trend has also seen a 20% leasing drop in commercial real estate, meaning businesses are also embracing the new digital wave for their employees. Homeowners are saving too, with the elimination of daycare costs, commuting, parking, and even tax advantages that come with a home office. A recent study found that remote workers are 13% more efficient than office employees. This bodes well for future remote-work strategies, where companies may decide to switch up traditional workplace structures.
Outdoor Adventure in Your Backyard
The recent need to stay home and social distance has also caused a great increase in popular outdoor activities. Individuals and families alike are spending more time outside in the fresh air and natural light, reconnecting with nature. North Florida’s new community, Tributary, has the solution for homeowners wanting to get away from the urban landscape. Tributary is designed and seated in Florida’s natural environment, bringing future residents all the wondrous biodiversity, fishing, and adventure right to their door. Residents can hike a wonderfully designed trail system that connects to Four Creeks State Forest and Tributary Regional Park. Amelia Island is close by and features pristine beaches, native wildlife, and a historic district with quaint shops and cafes.
Your New Hometown
Within the Tributary community, residents will enjoy the outdoor lifestyle, lagoon-style pool, fitness center, activities at the fun-filled Lookout Amenity Center, kayak launch, and beautifully designed trail systems. Master-planned and surrounded by nature, residents will never run out of ways to Explore More. New modern-rustic homes from the area’s top builders: Dream Finders, Lennar and Richmond American Homes, start from the $200’s. Interested homebuyers can stay connected at TributaryLiving.com and be first to learn of any updates such as the opening of the Model Home Village in early 2021.
If you’re looking for a new suburban community surrounded by nature, Tributary has it all: value, impeccable design and planning, and amazing amenities. Upstream your lifestyle today!