Florida Second Home / Vacation Home Real Estate Market Is Doing Great in 2012: Demand Exceeding Supply, Some Are Reporting.
Florida sure seems to be popular among investors these days. We've posted in the past about foreign investors from faraway places like Great Britain, Brazil, Israel, and other parts of the world finding the current Florida real estate market a place of great bargains but now it seems there is a new ribbon running through the investor chatter. It's an idea that things are looking a bit brighter for the Sunshine State's economy - at least for the vacation/second home real estate market and those that benefit from it.
Consider these news items appearing in the past week:
- There's an article out of Seattle this week, inviting individual investors to invest their money in Florida real estate. A Florida investment company is educating clients on how to build wealth by taking its services to the Pacific Northwest to sell them on the advantages of Florida real estate investment.
- Some analysts are warning that demand is exceeding supply for some Florida vacation investment properties. In one story, the CEO of Coldwell Banker Feltrim discussed his review of the first three months of 2012. There was a rise in sales of vacation homes and second homes in the Orlando area. So much interest, in fact, that he didn't have all that many top quality properties to show investors interested in vacation-type residential properties in his area. That's something new to see in Florida after our track record of the past few years, isn't it?
- Real estate realities are that Florida investment upswing into second homes and vacation properties is part of a new national trend. According to several real estate pros, Southwest Florida has seen a jump in second homes along with other parts of the state. Prices are not rising, but there are more investment dollars coming in to buy up the vacation/second home inventories.