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
Thanks for sharing information on your market. With all of the cold weather, retirees should be heading your way to purchase and take advantage of the tax credit.
Nicholas - I am a Broker-Associate with Watson Realty Corp. in St. Augustine Florida. I have been busier the last few months than I have been in 2 years. What is driving my business? Short Sales and foreclosures. The properties that are selling best here are single family homes under 250k.
I believe it is a great time to buy Homes in St. Augustine , Interest rates are still low, 5%+-, but expected to increase. Supply is good, but disappearing quickly, which means the prices will start to increase.
I would love to help you and your customers with properties in the St. Augustine Florida area. I have over 25 years of experience and am considered an expert in this area.
Marjorie Taylor
+1-904-591-9121
Marjorie@MarjorieTaylor.net
www.MarjorieTaylor.net
Distress sales are driving sales activity in my market. There is even a flipper here and there!
The most typical sale in my market is a 3/2/2 distress sale with minor damage for under $90,000 in a good residential neighborhood.