The upside of Florida real estate: 15 market positives
Thursday, February 05, 2009
by Petur Sigurdsson, Realtor
I found this article on the Florida realtors website, there are so many good reasons that they point out in this article, that I have decided to publish one reason a day for the next 15 days. Let’s take a look at some of the opportunities and positive indicators for the future of Florida’s Real estate market.
1. Great prices. Statewide, home prices have fallen 20 percent in the past year. FAR statistics show the existing-home median sales price was $185,400 in the third quarter of 2008, compared with $233,200 in third quarter 2007. By the way, those numbers are still significantly higher than in the early years of the decade: in 2003, the third-quarter sales price was $163,700, which reflects an increase of about 13.3 percent over the five-year period. (The median is a typical market price where half the homes sold for more, half for less.)