What the Florida Weather and Housing Market Have in Common

Did you guess the answer to my riddle,

“What the Florida Weather and Housing Market Have in Common”

If not, the answer is…“They’re both HOT!” 🙂

According to info reported by Gord Collins, Real Estate Strategic Marketing Specialist, the Miami, FL housing market has seen 6 consecutive years of price growth!

One of my exclusive beachside listings! Click on the photo for more info.

However, what really makes me feel secure and confident is that the Florida housing market, overall, is doing well.

Collins reports that house sales statewide rose 4.1% in April 2018, compared to April 2017, according to Florida Realtors. Condo sales rose 9.2% during the same annual time period.

Interestingly, cash sales were down 2.2% over that same time. Obviously, that means more buyers were purchasing their homes using mortgages. See one of my recent blog articles, “2018 Real Estate Game Changers,” for a bit of timely mortgage info.

More Ups and Downs

What’s up? Average prices for detached houses rose to $353,948. This is an increase of $8200 from March prices, and an increase of 10.4% from April a year ago.

What’s down? New pending sales by .2%, which suggests a supply crunch. This tells us that the Florida housing market is, indeed, HOT! Therefore, the supply of houses on the market is lower than the demand, resulting in higher prices.

A Florida Home is a Solid Investment

What the Florida weather and housing market have in common is they’re both HOT right now!

One of my gorgeous luxury listings! Click on the photo for more info.

Baby Boomers are ready to retire and searching for the perfect place to do it.

The real estate chaos of recent years is finally behind us and Florida houses are solid investments as permanent retirement residences or investment properties.

Although the luxury home market was hit hard in Florida over the past few years, sunny skies are shining in this market, too, as renewed interest and sales are expected to rebound.

Consequently, if you’re in the market for a luxury home, now is the time to contact me to help you find your new residence. Many incredible homes are on the market.

Take a look at my “Exclusive Listings” at my website for more photos and details, and contact me to help you officially begin your search.

I look forward to our conversation!

Dana Davis

Dana Davis Properties/DHR (Distinguished Homes Realty)

Phone: (386) 569-4998