Florida home prices to increase 10 percent by end of year
Perdictions are for Florida existing home prices to jump 10 percent by the end of 2012 as inventories decrease and investors battle for what remains of income-producing properties.
Hard hit states, such as Florida, Nevada and Arizona have largely hit bottom and are on the way back up.
Compared to other parts of the country, the Florida market, particularly the South Florida market, has recovered very rapidly from over supply to a shortage of inventory. Overall that clearly implies we will begin to see some modest turnaround.
Bal Harbour luxury condos are for sale, Sunny Isles Beach condos are for sale, Surfside still has some fair deals on condos for sale as well as Miami Beach. There are many pre-constuction projects coming to market.
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