The monthly statistical data that you have been seeing for the last
few month show a slow and steady increase in values and a decrease in
inventory in the Parkland Florida & Coral Springs Florida real
estate market. This link will give ou the last many months statistical
It is our contention that Florida will take the lead in 2014 for the recovering Real Estate Market.
Real Estate is local, however most economists and real estate pundits
see the Florida market exceeding anyone’s expectations in 2014. It has
started its road to record levels of success in 2013 with the Miami
condo mark new construction buildings selling every phase with in
record time. In our local market of Parkland Florida four new
construction projects being built are selling out every time they do a
release. In some cases the new releases are having lotteries for home
sites. This brings back the memories of old days of the Real Estate
boom in Florida 2003- 2005.
Most of Florida saw an increase of around 9 %-13% in 2013. At
present most areas especially popular cities like Boca Raton, Parkland
FL, Coral Springs, Miami, Fort Lauderdale inventory level is low, and
sellers are sitting pretty. The last boom- bust cycle was started by the Florida Real Estate market. Florida will be the leading indicator for this next upswing.
The State of Florida and in particular South Florida properties are
relatively inexpensive compared to other popular areas in much colder
climates, and around the world. Baby boomers wish to make Florida their
retirement home, and younger families want to get away from the cold
and take advantage of Florida’s schools and expanding job markets and
avoid state taxes.
For all of the reasons above Florida will be leading the country into a healthy recovery we will see in 2014