LifeByTheBeach

Florida Real Estate Market Hits the Headlines with Great News!

Posted on: December 8, 2011

Melbourne Beach Real Estate

Sunny Outlook for Florida Real Estate!

More great news for Florida real estate! In a recent Forbes.com article titled “Where Americans Are Hunting For Homes“, it is revealed that all of the top ten cities that are “picking up strength” are in the Sun Belt! Specifically, Florida dominates this list with five locations in the top ten!

The top five Florida snow bird hubs that made the list were: the North Port-Bradenton-Sarasota area (No.1), Fort Lauderdale-Pompano Beach (No. 4), Cape Coral-Fort Myers (No. 5), West Palm Beach-Boca Raton (No. 6), and Orlando-Kissimmee-Sanford (No. 10). Survey data indicates that East Coast Florida cities such as Melbourne and Melbourne Beach draw house hunters and home buyers from the Northeast region of the country, whereas West Coast Florida cities get lots of buyers from the Midwest.

According to the Forbes.com article, another sign of the improving health of the Florida real estate market: “existing home sales along the coasts picked up somewhat dramatically this year, even in the slower summer and early fall months. According to the Florida Realtors group, the West Palm Beach-Boca Raton MSA logged 34% more sales in September than during the same month last year,  the Fort Lauderdale MSA, 11% more sales, and the Bradenton-Sarasota MSA 7% more sales.”

The article continues by saying that “both investors looking to purchase rental properties and Baby Boomers scouting for vacation and/or retirement properties are hunting for bargains in floundering housing markets in Florida and California. “Part of the long term trend is Baby Boomers moving toward retirement, and some of those that put off their searches while home prices were skyrocketing in the Sun Belt, are now looking again because prices have fallen so much.””

Locally, our home and condo prices have been stable for quite a while (and are even starting to increase), so if you are thinking about buying a home in the area, now is the right time! Give me a call and I can help you find property in the Melbourne-Melbourne Beach-Indialantic-Satellite Beach area, or I can provide helpful advice if you are considering selling your home.

Start your dream home search right here: Carolyn Smith Realtor Website

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

www.CarolynSmithRealtor.com

SRES – Accredited Seniors Real Estate Specialist

CDPE – Certified Distressed Property Expert

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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

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