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Florida Real Estate Prices On the Rise in Miami and Orlando?

Posted by Brian Krassenstein on Nov 1st, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Florida Real Estate

Are Prices on the Mend in Orlando, Miami, and Fort Myers Real Estate Markets?

As we all know, Florida has seen some of the most dramatic falls in real estate prices and the total number of homes sold since the housing market collapsed. Although things are bad in much of the state, it seems that the real estate market in Florida may be on the mend.

Some of the most hard hit areas such as the Orlando, Miami, and Fort Myers areas have seen nice rebounds in the number of homes sold over the last several months, raising hope that prices will soon follow. Fort Myers, located in Southwest Florida, has seen the number of home sales rise from about 850 sales in February of 2008, to well over 1,700 in October of this year. Miami has seen even bigger gains in that time period, with approximately 2,000 sales in February of 2008, compared with over 5,100 last month.

As inventory reduces, prices should begin to rise, not only in hardly hit Florida, but in real estate markets nationwide. The one variable that is still an unknown is what affect remaining foreclosures may have on this market. As long as foreclosures trickle in, instead of all hitting at once, inventory reductions should hopefully leave us with a stronger market come the end of 2011, and 2012.

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  • http://www.pricewiki.com/ William Price

    Why is real estate industries putting a higher price tag on their goods? I don’t think this is going to be good news for a lot of us. I just hope there will still be prices in the world which will go down even for a bit.

  • Anonymous

    I pray everyday and night,that prices of homes start to rise soon,so that we can sell an dmake our money back,so we can move back home to New England,and get as far away from florida,especially Deltona,fl as possible,whish it would happen before october,so we can finally enjoy fall,winter an dholidays we miss so much,and our friends an drestaurants,stores and people,for thisw plac eis worst place we ever lived in fl,and w ehave lived from jax,fl to Key West,fl,Deltona,fl is pits.

  • Anonymous

    I pray everyday that prices in Florida,especially Deltona,fl,will ris esoon,i wish it would happen before Fall,so we could sell make our money back,so we can move back to New England with our own kind people,stores,restaurants,beliefs,and miss foilage,snow,winter and holidays,for Deltona sucks,w ehave no friends or family here,use to always live clos eto ocean,it’s to hot,humid and buggy at night,payed to much now doomed,and will not sell fo rpeanuts,and never ever use a Realtors again,for they lie just for commission,I usually buy fromowners and sell  all my own property,that why I went o real estate school. Why pay commission fo rsome idiot to screw us over with lie for commission. Hope prices rise soon,should of check area,neighbors and everything else about place before we bought,now doomed.

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