LifeByTheBeach

A Comeback for the Housing Market… the Sunshine State Shines!

Posted on: September 15, 2011

The newest data from Realtor.com shows that median list prices for single family homes, condos, and townhouses has surged within the last year in Florida, which, as most of us know, was one of the states that was hit earliest and hardest by the housing market downturn. Realtor.com examined 146 municipal areas, and within these areas, four of the five markets with the largest year over year increases in median list price were based in our own Sunshine State.

The area with the biggest increase in the country was Fort Meyers/Cape Coral, with a 33 percent increase in median list price of single family homes from August 2010 to August 2011. In second place was Miami, with a 24.5 percent increase year over year. Naples, FL was third, with a 20 percent increase from the previous year. In fourth place was Punta Gorda, FL, with an increase of 13.3 percent. And finally, in fifth place, a state other than Florida made the list, with Fort Wayne, Indiana coming in with a 12.7 percent increase over the previous year.

Realtor.com spokesperson Julie Reynolds says, “It appears that we are in a phase of stability right now. We see this as potentially positive since Florida was one of the first markets to be affected by the deterioration of the housing economy.”

Another finding by Realtor.com was that median for sale listing inventories have decreased by 19 percent from a year ago, and are at their lowest levels since January 2007. Addressing this, Reynolds explains, “As inventory is declining, confidence is increasing and buyers are jumping in. Lower inventories, when combined with stable prices, we see that as a positive sign.”

Source: The Bottom Line, msnbc.com

If you are ready to take advantage of today’s market, give me a call and we can discuss your real estate needs!


Whether you are buying or selling, it would be my pleasure to represent you! 

Please call or email me today to review your real estate needs!

Contact me, Carolyn Smith at:

Phone: 321.271.0870

Email: CarolynSmithRealtor@gmail.com

http://www.CarolynSmithRealtor.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 103 other followers

Visit Our Website: www.CoastalEstateTeam.com

Email Us: info@CoastalEstateTeam.com

Your Coastal Estate Team: Carolyn Smith, Realtor & Bridget Sentz, Realtor

"Your Coastal Estate Team"

Contact Carolyn at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Direct: 321.271.0870
Fax: 321.574.3044

Email: CarolynSmithRealtor@gmail.com

Contact Bridget at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Cell: 321.537.5720
Office: 321.952.4000

Email: BridgetSentz@gmail.com

Click Here to Search the MLS

Melbourne Beach Surf Report

LifeByTheBeach Blog Archives

%d bloggers like this: