Florida Real Estate Summary

The Florida real estate market is mixed. New construction has remained busy around Orlando and Tampa.  In areas in the Keys and Destin, it has slowed by 50% in the last two years.  The market is reversing from the recent trend of too many buyers and now has more sellers than buyers.

Florida relocation still remains the most popular.  With a low cost of living and ample houses to choose from, baby boomers, retirees and families are headed to the Sunshine State in big numbers.  For the year 2005, it had the highest percent of population growth of all of the states.

Destin real estate is decreasing slightly in value.  With more sellers listing houses, the prices have dropped 5-10% in order to attract buyers.  Houses are on the market an average of 30-60 days and receive 90-95% of the asking price.  The houses in and around Destin are luxury, and mostly beachfront properties valued around $500,000 and up.

Orlando real estate is in an upswing with growth around Disney.  The schools remain top notch, which is attracts more families to the suburbs.  Jobs continue to increase as tourism is still the largest economy around.