California Real Estate Updates

Weekly Market Update

1/22/2024

🏡 News for People looking to move to Florida🏡

Dear Readers,

As your trusted Southern California REALTOR, I feel it's crucial to share insights that might influence your decisions, especially when it comes to choosing a new home. Recently, Winter Storm Finn swept across the U.S., leaving a trail of severe weather in the Florida panhandle.

The impact of this storm has prompted me to highlight the potential risks associated with moving to areas susceptible to extreme weather events. In this blog post, we'll delve into the aftermath of Winter Storm Finn and its effects on the Florida panhandle, particularly in Bay, Calhoun, Jackson, and Washington counties.

According to CoreLogic estimates, over 26,000 homes in the southeastern U.S. were potentially impacted by tornadic winds during this storm. The figures for Bay County, Florida, alone are alarming, with thousands of residential properties facing significant probabilities of tornadic winds or damage.

Panama City in Bay County, home to approximately 34,000 people, lies within one of the tornado paths. Over 1,300 homes in Bay County had at least a 70% probability of tornadic winds or damage, and an additional 2,200 homes had a 50% chance of exposure to tornadic winds.

On-site damage assessments are still underway, but early reports indicate heavy damage to various structures, from mobile homes to wood-frame constructions. The storms not only caused property destruction but also disrupted daily life, affecting travel, education, and healthcare services in the affected areas.

While the National Weather Service reported that the storm was part of a larger system affecting several states, it's essential for those considering a move to Florida to be aware of the potential risks associated with extreme weather events.

As your REALTOR, I advise careful consideration and research before making such a significant decision. Feel free to reach out if you have any questions or need assistance in navigating the real estate landscape.

Stay informed, stay safe.

Cheri Jacques

www.RealtorCheri.com

Capitis Real Estate

DRE: 02164097