Three Areas Within Florida That Property Buyers And Investors Should Consider Within The Region
If you are interested in being able to look into available opportunities within Florida today, you should be selective about which specific areas you decide to venture into, especially if you are hoping to make an investment within the region.
Being able to get in touch with a professional agent who can provide you with insight on all of your options will prove to be a great step towards learning what the Florida real estate market has to offer you. Nevertheless, we have put together a list of three areas — along with some statistical data — which will prove to be worth looking into within the region.
Fort Myers
Located in Lee County, Fort Myers is the gateway to Southwest Florida which is an exciting area due to its high tourist activity. But despite its strong tourism, it suffered from the market crash which had caused property prices to tumble down by as much as 60 percent.
Today, things are looking much better as property prices as working their way up. In fact, the average sales price for homes within Fort Myers during the month of May 2012 is at $120,000 which marks a 5.7 percent increase from the previous quarter. On a year-over-year basis, the increase marks a 9.1 percent growth.
Miami
Located right along the Atlantic coast of Southeast Florida, Miami happens to be the area that suffered from having far too many property options available on the market which no one seemed to want to buy. Property prices were brought down due to the circumstances which eventually made it an attractive option for people from all over the world.
But overabundance is now a thing of the past as the remaining inventory supply has come down to a little over 27,000 in May 2012. The average sales price for homes within Miami seems to have slipped by 6.5 percent compared to the previous quarter. However, there is still a 7.4 percent increase if such figures were to be compared to figures gathered last year.
Orlando
Located in the central part of the Florida region, Orlando is one of the most famous destinations in the country because of the fact that it is home to the magical Walt Disney World Resort. People that choose to invest in real estate within Orlando do tend to find better success because of the potential that exists within the market.
The average sales price for homes within Orlando is $108,000 which marks a growth of 4 percent compared to the previous quarter. On a year-over-year basis, the area has achieved an impressive increase of 25.6 percent which is definitely a remarkable thing for any property market.
While each of the three areas have many different property options to offer you today, people who want to find out about the best opportunities within the region will surely find it beneficial to speak with a professional agent that specializes in Florida real estate in order to learn more about prime locations to consider as well as where all of the most outstanding property deals can be found.
Yaz Morgan
Florida Real Estate
