Florida Real Estate - A Review Of The Eight Major Counties

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