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