Florida Real Estate Trends – A New Way to Look at Florida Realty

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Florida Real Estate Trends – A New Way to Look at Florida Realty

Recent trends in Florida real estate indicate that prices have evened out as buyer’s and seller’s negotiate a new understanding of the value of property in the modern economic climate.  Between the end of 2011 and April of 2012, the average price for a condo or townhouse in Florida went from $245,000 to $257,000.  Single family homes, both in and out of the city, averaged a list price of $478,000 at the end of last year and seller’s are now asking an average of $480,000.  With approximately 57% of the market share, single family homes and townhouses/condos constitute the foundation of the Florida real estate market.

While the seller’s of single family homes and condos/townhouses seem to have agreed upon the correct price point for Florida real estate, evidence indicates that buyer’s still expect to get great value for their money.  Over the past 5 months, the average sale price of a single family home in Florida has been $179,000, 62% below the average list price.  In the condominium market, the average sale price is $147,000, almost 42% below the asking prices.

Florida Real Estate: Largest Increase in Listing Price

City 3 mo.
Brandon, FL Real Estate 17.88%
Nokomis, FL Real Estate 17.65%
Eustis, FL Real Estate 16.68%
Apopka, FL Real Estate 15.22%
Loxahatchee, FL Real Estate 15.01%

Florida Real Estate: Largest Decrease in Listing Price

City 3 mo.
Palatka, FL Real Estate 18.80%
Tavares, FL Real Estate 11.10%
Pinecrest, FL Real Estate 7.78%
Quincy, FL Real Estate 7.65%
Dade City, FL Real Estate 6.70%

Florida Homes For Sale By City

Most Expensive Florida Homes for Sale by City

City Median $ 3 mo.
Palm Beach, FL Homes for Sale $3,396,084 3.64%
Miami Beach, FL Homes for Sale $3,152,498 8.77%
Coral Gables, FL Homes for Sale $2,315,628 6.28%
Longboat Key, FL Homes for Sale $2,042,249 3.03%
Pinecrest, FL Homes for Sale $1,611,094 7.78%

Least Expensive Florida Homes for Sale by City

City Median $ 3 mo.
Holiday, FL Homes for Sale $79,646 2.39%
Port Richey, FL Homes for Sale $94,679 6.01%
Lehigh Acres, FL Homes for Sale $109,901 2.23%
Deltona, FL Homes for Sale $112,059 2.67%
Citrus Springs, FL Homes for Sale $112,480 4.31%

Best Florida Cities for Families and Singles

Top 5 Florida Cities for Families

City Homes with Children Crime vs. Natl. Avg.
Fish Hawk, FL Local Info 60.00% 1.15
Princeton, FL Local Info 57.00% 3.38
Meadow Woods, FL Local Info 54.00% 0.23
Weston, FL Local Info 54.00% 0.33
Miramar, FL Local Info 54.00% 0.71

Top 5 Florida Cities for Singles

City Unmarried Female to Male
Brownsville, FL Local Info 87.00% 53% / 47%
Gladeview, FL Local Info 81.00% 56% / 44%
Opa Locka, FL Local Info 80.00% 54% / 46%
University Park, FL Local Info 80.00% 51% / 49%
Opa Locka, FL Local Info 79.00% 55% / 45%
Methodology

Largest Increase in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

Largest Decrease in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

Most Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Least Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Top 5 Cities for Families Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city’s crime rate index against the national crime rate index, which equals 100.  A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

Top 5 Cities for Singles Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.

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