Breathe in deep..can you feel it? It’s in the Air! It seems to be all around us. What in the world am I talking about? The Florida Market.
The marketplace, the Florida real estate marketplace, it just keeps getting better and better! How do I know? Take a look at the facts and figures: At the close of 2011, Florida’s existing home and condominium markets reported higher sales compared to the previous year, according to the latest housing data released by Florida Realtors®. It was the third consecutive year for statewide home and condo sales activity to end the year on a positive upswing – higher year-over-year sales also were reported at the close of 2010 and 2009, records show.
Looking back on 2011, Florida’s existing home sales rose 8 percent for the year, with a total of 185,921 homes sold compared to 172,462 homes sold in 2010. In Florida’s condo market, a total of 87,581 units sold statewide in 2011, a gain of 15 percent compared to 76,209 units sold in 2010.
Sixteen of Florida’s metropolitan statistical areas (MSAs) reported higher existing home sales at the close of 2011 compared to 2010; the same number of MSAs also reported higher existing condos sales.
Like all of you, I list and sell real estate for a living and I’m here to tell you what I see beyond the stats from Florida Realtors®. I see the inventory shrinking,
both condos and single family homes. I see less and less inventory in all categories: low, medium and some high priced properties. I see new condos being built…I see construction cranes all along our skyline. Several years ago you couldn’t get anyone to pull a permit much less begin building a condominium.
Land sales are increasing. I recently listed several pieces of land in the Redlands all the while telling the Seller that it was going to take upwards of a year to move these properties. I love being wrong in this situation: one piece of land is already under contract and the others have some very interested parties. The listings are less than 2 months old! Can you see my smile? Can you feel the excitement in the Florida Market?
Can you feel it…it really is in the air…the market is turning, thankfully!
Until Next Monday,