South Florida Real estate doing well, but West Coast housing markets yield better returns

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South Florida Real estate doing well, but West
Coast housing markets yield better returns
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• Buying Real Estate in Florida is one of the
  biggest financial opportunity people may get in
  their lifetime, and it really paid off.
• Most of cities have been flourishing very fast
  over the past decade, with the majority passing
  peak home value hit during the housing bubble.

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• Its really tough to time the real estate market,
  but if youre a longtime investor in one of these
  cities, you could potentially see an interesting
  return on your investment.
• Selling a Home in Florida  to walk away with an
  excellent price is the goal of every investor.

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• For those who have done Real Estate Investment in
  Florida, its interesting to know that South
  Florida home seller in 2016 made 37 percent
  return which is quite above the national average.
  
• Real estate website Zillow said the national
  average sales gain last year was 24 percent. But
  Oakland, Calif., sellers did the best of anyone,
  walking away with an average of 78 percent more
  than they paid, according to Zillow.

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• After Hurricane Irma, for the real estate
  industry and those who are looking for buying
  Real Estate in Florida, the question is how the
  market will react.
• According to the August home sales report
  released by the Miami Association of Realtors on
  Wednesday, the number of mid-market single-family
  home sales (300,000-600,000) increased 9.5
  percent over the same period last year, from 462
  to 506 sales. Mid-market condo sales
  (200,000-600,000) went up 9.8 percent, from 509
  to 559.

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• According to Realty Services Florida, Hurricane
  Irmas destruction could have been much worse but
  shouldnt impact housing prices in Florida.
• Building codes were updated after Category 5
  Hurricane Andrew devastated Florida in 1992,
  allowing Florida structures to hold up much
  better against Irmas Category 4 force.

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• If you are thinking over Real Estate Investment
  in Florida you should keep it your mind that
  hurricane is just a way of life in Florida.
• It doesn't happen that often, and the reality is
  that Florida's extremely well prepared for this.
  Eventually people prefer to be in Florida.
• Though much of the state is without power in the
  aftermath of Irma and many single family houses
  were damaged but nothing catastrophic about the
  impact.

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• Florida went through three hurricanes in one
  year, and those storms were almost similar to
  Irma, disruptive but not destructive.
• The storm interrupted everyones professional
  life for a couple of weeks. But this is going to
  motivate many high-end sellers to further
  evaluate their pricing.
• Realty Services Florida study shows that
  investors still look at Miami as an investment
  destination.

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• Theres nothing can be done about whatever
  short-term impact Irma may have left.
• But long-term is where we see a chance to do
  something. Every part of the world has natural
  issues to deal with.

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Get in touch with Realty Services Florida today
for buying or selling your property in Florida.
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