🔥STR Homes for Sale Featured Properties

🏖️ $2,490,000 | Gulf Shores, AL - View Property

Rare gulf front home in West Beach that has been completely remodeled. Amazing rental history with over $250k revenue. View Details

• Contact: Reagan Davis

• Cell: 601-988-7956

• STR Local Market: Orange Beach, and Gulf Shores, AL

⛰️ $845,000 | Fairview, NC - View Details

Less than 10 minutes to downtown Asheville! Has a bonus room making this one a 6 bedroom total! They have updated septic to a 5 bedroom with two separate drain lines. Furniture is available to purchase separately. Large 1.31 acre lot with a 2-story shed (more rental potential!). View Detail

• Contact: Tyler Coon

• Cell: 828-620-2541

• STR Local Market: Asheville-NC, and surrounding mountain communities.

🌴 $1,500,000 | Keaau, HI - View Property

🏖️ Permitted oceanfront STR that is very unique and hard to find. Comps range from $120-$200k range.  View Details

• STR Agent Contact: Cole Schlack

• Cell: 808-620-2541

• STR Market Expertise: Big Island-HI, Kauai, Oahu

✅ $1,600,000 | Reed Springs, MO - View Property 

🏡 This private stand alone STR luxury home has a transferrable license making this a truly rare opportunity. Create a unique (one-of-a-kind) luxurious guest experience in a prime STR market? View Details

• STR Agent Contact: Tracey Lightfoot

• Cell: 417-396-9637

• STR Local Market: Branson-MO and surrounding areas

$739,000 | Austin, TX

Hot vacation rental close to Lake Travis. Property is fully furnished, rent ready, and completely turnkey. Pool and spa! Great value! View Details

$857,000 | Rocklin, FL

Stunning 5 bedroom, 2 bathroom single family house with an amazing outdoor area, beautiful sparkling HEATED POOL & SPA. View Details

$425,000 | Strawberry Valley, UT

Beautiful turnkey cabin offering seller carry financing with 20% down. Sits on half acre and backs to national forest. View Details 

$355,000 | Hickory, NC

Turnkey STR with lake view. Revenue numbers available and we can help with management if needed. View Details

$669,000 | Scottsdale, AZ

Airbnb Gold, heated pool, remodeled, completely turnkey with low maintenance landscape and great entertainment area. View Details

💰Selling Your STR is Easy as 1-2-3

1) Post it in our STR Homes for Sale group to reach the largest online marketplace (95000) of active and engaged STR buyers and sellers.

2) Feature your property in our STR Scout weekly newsletter to reach our community of active 40000 STR investors and subscribers.

3) Sell it.

TOGETHER WITH

The top 3 reasons why you should get a STR insurance quote from Steadily.

1. Competitive: Steadily offers the most competitive rates in-market.

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Zillow - Fall Housing Market Outlook: Cooling Quickly

Reading between the lines in Zillow’s fall housing report; inventory is starting to rise, the fall summer cool down is faster than expected, and the number of motivated sellers is on the rise.

What's happening here:

The housing market is cooling off much faster than usual for this time of year. Sellers are reducing their listing prices at a high rate, indicating a shift in the balance of power from sellers to buyers. This cooling trend is driven by factors like rising mortgage interest rates, which have discouraged some buyers, and an increase in new listings, though still not abundant.

What is means for STR:

For the real estate market (STR), this shift means that sellers may face more challenges as competition decreases, and buyers gain more negotiating power. There could also be a slowdown in the growth of home values and even potential price declines in the upcoming fall and winter months. It's a significant change from the more seller-friendly conditions seen earlier this summer.

How to STR investors might navigate the future:

If you're an STR buyer who has the financial flexibility to pay cash or handle higher mortgage rates, this fall might be an opportune time to find a deal. For STR sellers who wait to list next spring, the market may not be as favorable. Keep a close eye on interest rates, price reductions, and inventory in your local market as they continue to be a significant factor shaping the real estate landscape in the coming months.

MORTGAGE RATE WATCH ALERT

Mortgage Rates Rise for 5th Straight Week

 📈 Demand remains at 3 year low and rates at 23 year high. Housing market continues to face economic and geopolitical headwinds For the fifth consecutive week, mortgage rates rose as ongoing market and geopolitical uncertainty continues to increase.

Redfin - CEO Issues Dire Warning on US's 'Rock Bottom' Real Estate Market: The 'American dream' is in trouble

Interview with Redfin CEO

What's happening here:

Redfin CEO Glenn Kelman warns U.S. real estate market is facing ongoing uncertainty, with no relief from challenging economic conditions expected in 2023. He attributes the situation to higher interest rates, which have caused a significant number of buyers to back out of deals, leading to a record breaking 20% to 25% cancellation rate in recent weeks.

What it means for STR investors:

For real estate investors (STR), the persistent challenges in the market, driven by high interest rates, creates continued uncertainty and potential difficulties in finding profitable STR investment opportunities.

What Does the Future Hold:

Market improvement depends on many macro economic factors like the Federal Reserve's decisions on interest rates. How supply is created (investor sales, building, existing sales) and demand (homebuyer and investor) is fueled over the next couple years remains very uncertain as we face global economic headwinds. Creative finance solutions are coming, more price declines, rising inventory, and more motivated sellers as the market corrects and balances.

TRENDING HEADLINES

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