Coral Springs Florida & the rest of the state of Florida will be the leading indicator in 2014 for the recovering Real Estate Market
Real Estate is local, Coral Springs Florida real estate is no different. 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 Coral Springs Florida the real estate market showed a healthy 13% gain in the year of 2013.
Most of Florida saw an increase of around 14 % in 2013. At present most areas especially popular cities like Boca Raton, Parkland FL, Coral Springs, Miami, Fort Lauderdale inventory levels is low, and sellers are sitting pretty. Parkland Florida has 4 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 2001- 2005. In Miami where the high rise condo units are being built again the ey are being sold out at every release.
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,.
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 the lead the country into a healthy recovery we will see in 2014