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Shifts in Florida Real Estate Trends
For the past few years Florida real estate prices have been reaching record highs, creating a market where investors could buy low and sell high almost overnight. But now, as supply has finally surpassed demand, real estate values are declining and investor interest is dwindling. In June, 2006, home sales were down 30% statewide while condo sales decreased 35%. In Naples, Florida – the area with the highest real estate prices in the country with the average single-family house priced at over 0,000—real estate sales dropped a whopping 48% while prices fell 8%. New luxury condominium resort complexes had been popping up all over the state, but condo sales dropped 31% in both Miami and Ft. Lauderdale while Tampa was hit even worse with a 47% decline. About the Author: YAERD offers real estate investing advice, Hernando Preconstruction information, and tips to new and veterans in the real estate industry. You will also find information on Jroberts New Construction Homes, and Florida Spec Homes.
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