Central Florida Heating Up

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Parker Associates has been working extensively as of late in the Central Florida Market. It’s a hot market right now with the continuing need for housing of all types. Give us a call for more on what we are working on and if you want to join in the fun. Keep us posted on things.

Data supports that the market in Florida is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next. Zillow predicts U.S. home values will rise 2.2% over the next year, while in Florida, they’re expected to rise 4.09%.

Floridian home prices increased 73.5% over past five years.

Florida was neither first nor last in a study that showed how much home prices have shot up over the past five years. In fact, it was nearly 20% less than the state with the biggest increase. (That state was Idaho, with a 91.9% increase in home prices.) Still, the fact that home prices in Florida have increased 73.5% over the past five years, according to Colorado real estate broker Boulder Home Source, analyzing Zillow data, is quite the feat.

New Yorkers are the No.1 movers to Florida.

Watch out, New Yorkers! Florida is coming for you. A large kiosk at the mall in Hudson Yards in Manhattan beckons you to experience Tampa Bay, NYC subway ads showcase the pristine beaches of St. Petersburg, and billboards in Times Square tout the hashtag #MovetoMiami. But looking at migration numbers, one wonders if Florida needs to even bother advertising. Since at least 2016, the Empire State has topped the list for sending its residents to the Sunshine State, data from the Census Bureau shows.

Parker Associates is working with several developers on helping to fulfill the needs for homebuyers. Give us a call at 904-992-9888 for more information on what we are involved in or email us at info@parkerassociates.com. We look forward to hearing from you.

David WB Parker
davidwb@parkerassociates.com