The Florida Association of REALTORs (FAR) had the National Association of REALTORs (NAR) prepare an annual report that reveals the characteristics of home buyers and sellers in the State of Florida for 2007. It is somewhat interesting to see who was buying homes, what types of homes they were buying, what they were paying, and how they went about finding their next homes. Seeing how we compare to the rest of the nation is also informative. Here are some of the highlights of the association's report. You can download the entire report further down in this post.:
BUYERS
- 38% of buyers were purchasing their first homes.
- Average home buyer was 43 years old.
- 64% had no children living at home.
- 59% were married.
- 21% were single females.
- 12% were single males.
- 6% were unmarried couples.
- 18% were not native-born Americans.
- 27% of the homes were "new construction" as opposed to resale homes.
- 58% were detached single-family homes.
- Average price in Florida was $230,000 as opposed to the national average of $215,000.
- Current buyers believe they will remain in their homes an average of 10 years.
- 80% of buyers used the internet to search for homes to buy.
- 72% felt that the internet was a VERY useful tool during their searches.
- 84% employed the services of a real estate agent or broker to conduct searches.
- 71% Used an agent or broker to purchase their homes.
- 68% plan on using the same agent in the future.
- 98% believed that honesty and integrity were the most important characteristics of a good agent or broker.
- 90% of buyers financed their purchases.
- 47% believe that purchasing a home is a better investment than buying stocks.
Sellers
- 51% of Sellers were "trading up" to larger properties.
- Most had owned their homes 6 years.
- Typically their homes had been on the market for 10 weeks before selling.
- 79% used the services of a real estate agent to sell their homes. Only 17% tried to go it alone.
To download the entire report which contains more information and also some useful graphs and charts, click on the following link: Download 2007_HBS_Custom_Report_FL.pdf
For more information or questions about this topic please call me at: 813-783-4444 or e-mail me at: jelwell1@tampabay.rr.com
I also invite you to visit my my website where I think you will find a lot of useful information. To get there just click on the following link: www.jelwell.century21bnr.com
Comments(0)