In the most recent data available, according to the Florida Association of Realtors (www.floridarealtors.org), home sales in the state totaled 12,607 for the month of May. That’s down 34% from last year, when there were 19,072 homes sold. The median price has also dropped from $250,100 a year ago to $237,000 this May.
With the market in a bit of low spot for home sellers, now is a good time to get some great deals on homes in Florida. Whether you are looking for a second home, rental property or an overseas retirement condominium, Florida has plenty of property on the market right now for great prices. If you take your time and see what it is available, there are some good deals to be made.
One example of the kind of deals that are available to prospective buyers is this home in Spring Hill, along the western mid section. The seller, a British expat, is selling his car, pool table and other furniture with the home. You can get everything you need for a second home in one swoop! With deals like this, it’s a good time to be looking for a home in Florida. More at :
For those looking at condominiums, it’s also a buyer’s market. In May there were 4,090 units sold, a drop of 28% from the previous year when there were 5,671 sales. The median price this year was $202,500, a 4% drop from a year ago with the median price then of $210,800.
Buyers can find great deals across the state, including in some non traditional areas. While many people look only at the well-known areas of Orlando, Miami and Tampa, there are lots of other places as well. The west coast north of Tampa has some great beaches and deals. Some of the nicest beaches in the whole state are located on what is called the Emerald Coast, which is along the northwest panhandle from Pensacola to Panama City Beach.
