We've noticed a couple of trends that are not only pointing to a recovering housing market in South Florida, but they are also showing signs of a very healthy future.According to a recent report by the Herald-Tribune, two-thirds of all residential real estate transactions in South Florida have been cash deals! Real estate experts are confirming that this trend actually boosts the local market as it not only means sales but it means price increases.
"The all-cash deals are dominating all spectrums, from more affordable homes under $200,000 to mansions priced in the millions."In addition to the all-cash deals stirring up the market, European buyers are cashing in for real estate in South Florida. According to a recent Sun Sentinelreport, these buyers are motivated by their country's financial woes and are investing in South Florida real estate with intentions of renting property out.
". . . They've represented the bulk of cash buyers in recent years . . . for Europeans with extra cash, now is the time to buy in South Florida."
These trends are not only boosting the local real estate market, but boosting our optimism bout Florida's housing future. Are you a homeowner or condo owner looking to cash in on the hot buying season here in Florida? Or are you looking to snag a great deal on a luxury home or condo in Palm Beach, Boca Raton, Delray Beach or other surrounding South Florida locality? Visit the LangRealty.com for extensive information on communities, market conditions and listings. To speak to a Lang Realty agent contact us at 866.733.2214.