Florida Shows Signs Of Rebound

It seems home buyers are making their way back to Florida. Third quarter statistics show sales increases across the board with a 5 percent increase in sales compared to the same quarter in 2007.

The Florida Association of Realtors (FAR) reports sales rose to more than 33,000 across the state for the quarter. Despite lending restrictions, buyers appear to be taking advantage of homeownership (or invesment) opportunities in the current buyer’s market.

The University of Florida’s Bergstrom Center for Real Estate Studies are seeing a similar upswing: “People who have responded to our surveys have not lost their faith in Florida as a place to be and a place to invest,” says Dr. Wayne Archer, director of UF’s Bergstrom Center for Real Estate Studies, on MarketWatch.com. “We have 40 pages of comments from our respondents, and although the dominant theme is the disruption of financing, perhaps the second theme, as one person put it, is people being on the sidelines with full pads and helmets just waiting to jump back in.”

The city with the strongest pricing was Panama City with a drop of just 5% to an average of $192,300, with Jacksonville not far behind.

Of course, those places with the biggest drops are pehaps the best places to buy. Orlando Real Estate has dropped fairly significantly over the last couple of years, providing great deals for those looking to enter Orlando at its low point.

Contact us to find out where the best Orlando real estate deals are!

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