2012 has been a great year thus far; gaining positive momentum for our once troubled housing market. The once forgotten homes that were lost in the short sale or foreclosure process are now full of life, occupied by new loving owners, looking more beautiful than ever. The first quarter statistics are very positive for the overall health of our local economy. What they also show is that we have hit the bottom and have continued trending significantly upward from this time last year.
If you have ever dreamed of owning your piece of paradise, but are in need of a little nudge, here it is. In 2011 the average price for a single family home was $136,317.00, this year that same figure has increased by 22% making the average price $166,249.00. That is just our local area, increases has been documented on a national level as well.
The Florida Realtors reported that real estate economists and analysts are optimistic that we will see a dramatic recovery in the next two years. These economists predict that next year home prices will begin to rise by 2% and then get a larger boost of 3.5% by 2014.
These statistics coupled with low interest rates, and less stringent lending policies make now the time to buy that new home or special vacation spot. If we can help you in any way make your dream possible give a call. We look forward to hearing from you.