Positive Trends — Florida Real Estate Market Continues Its Hot Streak At 39 Months And Counting

15 November 2011

It is amazing how foreign real estate buyers and investors have turned the tide of the Florida market as it turned its losing streak into 39 months of success in the residential property gig. Because of the huge amount of foreign buyers taking a great interest in the Florida real estate market and paying for it in cash, we have seen one of the biggest turnarounds this century has ever seen — real estate-wise, that is.

From being on the bottom of the residential property barrel, Miami, and the rest of the Sunshine State has flourished in just a short span of time despite the on-going global recession. This is one of the reasons why a lot of real estate experts recommend the vast and interesting inventory of residential properties available in Florida today. If you happen to be one of the people interested in getting a nice property, Florida is the best place for you.

You can never find a better place in the United States right now that offers great luxury at a price of a normal residential property complex nationwide. The only difference why the Sunshine State has a lot of these properties is because of the countless real estate booms that happened during the early parts of 2011. Today, there are still a handful of properties that are the product of the real estate boom several years ago, but they seem to be running out pretty quick.

A lot of real estate analysts did not see this coming a few years ago because of how bad the economy was –as it is still affecting countless Americans today. But because of the sudden success the Florida real estate is experiencing, they believe that they should keep milking it until all of the older residential properties for sale run out because as of the moment, we are still looking at 43 percent or more residential properties that were developed in as early as 2001 being sold today.

At this current rate, however, a lot of experts agree that it is only a matter of time before the real estate market of the Florida State becomes number one again in the real estate market of the United States because of the continuing success in residential property sales consecutively for the past 3 years. So, if you are looking for a great residential property, be sure to check the Florida real estate market as it has one of the most sophisticated yet affordable real estate properties available in the United States today.

Joan Vonnegut
Florida Real Estate