Great news from Florida for international real estate buyers and those seeking a lifestyle buy in the sunshine state. According to the Florida Realtors sales are on the up!
A total of 14,026 homes were sold in Florida during the month of November, compared to 8,694 a year earlier. There were a total of 4,889 condos sold in the month, more than double the 2,320 sold in November of 2008.
What may have driven this increase may be that in the month of November, 2009 the median sales price for existing homes in Florida was $139,000. That is a 12 percent decrease from the 2008 number, $158,000.
Some questions for Florida Realtors
The situation from my point of view living in the UK is not 100 per cent clear and it would be great to get some clarification:
Are prices now bottomed out in Florida?
Are distress sales driving the increase in activity?
Is this still a good time to buy or should overseas property investors hold on?
Is it one type of property that is selling well? if so what
Useful Resources
Find overseas property or promote your real estate to international buyers at www.Homesgofast.com
