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Florida Real Estate - A Review Of The Eight Major Counties

Although the Florida real estate market price is not considered. Sellers
has stabilized over the last couple of experience multiple offers on properties.
years, it is still hot. Florida has seen The reason this is so hot is because the
a real estate boom over the past few university draws people and also buyers
years, making it a great place to buy and looking to move up.
sell. Cape Coral in Lee County is a seller's
In Fort Lauderdale, Broward County, homes market. It has waterfront properties that
average in price from $280,000 to are in high demand. This county has seen
$340,000. This is up 10-15 percent from a slight decrease in the selling price
last year, making this a buyer's market. for a single-family property. This year
The big push is in the single-family it is $285,000, which is off five to ten
homes as well as condos and townhouses. percent. Single-family homes remain the
Buyers who are relocating to Florida are greatest activity
the biggest clients. Pre-built or If you are in the Florida real estate
pre-construction, as well as market and deciding to sell your home, a
single-family homes are selling quickly. fresh coat of paint and other cosmetic
Hillsborough County's Tampa Central has fixes, may be in order. However, your
more Florida real estate sellers than potential buyers may be looking for
buyers. Because there is such a high something more. Here are a few ideas.
supply of single family homes in several First, set a budget. Don't forget the
price ranges, the average selling time is rule of thumb that you want to get, at
three to four months. minimum, dollar for dollar. Don't spend
Dayton Beach Shores in Volusia County has $1000 to get $750 back out.
an average selling time of three months. Next, do a walk through. Look at the home
Over the last year, there has been a as if you were looking for the first
downward turn of ten to fifteen percent. time. Be honest with yourself. You don't
But, that is slowly changing because want potential buyers too think too much
buyers are getting in before it becomes needs to be fixed.
less of a secret. This will help the area Check to see if anything looks too worn
turn up again. or dated. If the fixtures in the kitchen
Clearwater in Pinellas County has seen look old, buyers will notice. Ask a
its Florida real estate prices rise designer for suggestions. Also, a good
twenty to twenty-five percent. But, they Florida real estate agent can help put on
are also experiencing more supply than the finishing touches.
demand. On average, the homes are priced Last, but not least, don't update things
around $250,000 and also take about three that don't need updating. If the stove
months to be sold. looks good and works well, don't replace
Kendall in Miami-Dade County has a it. Chances are, you won't get the return
relatively stable market. Prices there you are expecting.
have only raised five percent. This is If you are looking to sell your Florida
because there is a good level of both, real estate and are looking for a full
supply and demand, in all price ranges. asking price offer, you may have to be
Again, single-family homes have the prepared to wait three months or so.
hottest activity. If you are selling, you However, if you are looking for a quicker
can expect three to four months for your sell, lower your price in an attempt to
home to sell. make your property more attractive.
Jacksonville-Southside, in Duvall County If you are buying Florida real estate,
has seen a rise of ten to fifteen percent there are more then enough properties for
in the market over last year. This is you to look at. You have time to relax
definitely a seller's market. The average and pick the home that is most suited to
price tag on a house is anywhere from you and meets your needs.
$200,000 to $600,000. Again, the Summary:
single-family homes are the hottest in If you are looking to buy or sell Florida
this Florida real estate market. real estate, even though the big housing
Gainesville, in Alachua County, is most boom may be over, there are still a lot
definitely a seller's market. Most of the of deals to be made in the more
time, any thing less than full asking established and stabilized market.




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