It has been a rollercoaster of a ride in Florida lately if you are looking to buy or sell real estate. The increased property values are stunning in many cities where the homes for sale in 2021 are considerably more expensive than they were at the same time last year.
In fact, some places like Miami, West Palm Beach, Port Saint Lucie, Tampa, Orlando, and others, have less than one percent of housing inventory available.
Let’s take a detailed look into what is driving this housing market, and the future projections about how long it will last and at what intensity.
Why are Florida Houses in Demand?
There are many different reasons why Florida is such a popular place to live, work, and play. The most obvious reason of course, is the year-round sunshine and warm temperatures, coupled with hundreds of miles of beaches, and a plethora of things to do. When you purchase properties in Florida, you will automatically benefit from your local surroundings.
There are places and cities that are in more demand than ever before. Whether you are looking at beachfront properties in Florida, brand new gated communities, or older homes that have been fully renovated, the Sunshine State has you covered.
If you have not heard about Miami, Florida before, then you must be living under a rock for the past hundred years. Known around the world as a destination hotspot, Miami-Dade County provides a vast array of things to do that you won’t find anywhere else. Plus, you will find some of the most unique homes and real estate on the market today.
There is nothing that compares to the electric nightlife that is alive and well in Miami, especially Miami Beach, which is home to world renowned night clubs and high energy bars and cafes.
Miami real estate comprises beachfront condos, waterfront estates, gated and ungated houses, and golf course communities.
You can buy a three-bedroom typical Miami home in the mid six hundred thousands, or spend two million dollars on an Intracoastal Waterway mansion.
Sarasota is a beautiful city located on Florida’s west coast, just south of Tampa, a well-known place to most. This area is distinctly different from Miami and South Florida, in general. You can expect a more laid-back lifestyle and an easier approach to life and living among the residents.
Sarasota, however, is changing and becoming a mecca for commerce. Its growing local economy is attracting young professionals to the area for well-paying jobs in the tech industry.
This is evident with a quick gander through Sarasota, which offers many brand-new homes, newer, and older pool homes, townhomes, and condos for sale. Many are within master-planned communities, with resident-only amenities, and great home values, as well.
Sarasota boasts such a healthy real estate market due to the increase of people moving to the area for work, or from up north. Snowbirds typically pay cash for their retirement homes in Florida. You can expect there to be fierce competition this year and moving forward in the 55+ housing market.
Fort Pierce, Florida!
One of the last affordable cities in South Florida these days is Fort Pierce, which is located just north of Port Saint Lucie, and home to waterfront properties that line miles of pristine beaches. The area is still growing and looks to be the next hot spot in the coming years.
In fact, you can find single family homes for sale in Fort Pierce, Florida for under three hundred and fifty thousand dollars, which is considerably lower than neighboring cities’ homes prices.
You will also find Yacht Clubs and golfing communities that appeal to just about everyone’s lifestyle requirements.
Wrapping it Up!
There is no wonder why South Florida is so popular among people looking to move and retire in style. Each city offers different real estate options and lifestyle benefits you can choose from. The prices will vary, depending on what city you choose and the type of property you wish to buy.
Either way, you won’t be disappointed with anything you choose in Florida, whether you see it in person on your own or, better yet, with a licensed real estate agent. This way, you will ensure that the property is worth the price, and you will see that with your own eyes.