Florida stands out in many ways—in its size, eclectic nature of attractions, and its stubborn penchant for often being the only state without snow during winter.
For such a unique state, it only makes sense that our real estate is one-of-a-kind, too—and understanding that uniqueness is a great first step in understanding the real estate trends local to your county or city.
In today’s blog, we’re exploring the trends that make Florida just a little bit different in terms of real estate—and why those differences may mean great things when it comes to buying or selling a home. Take a look!
Vacation home central
It’s no secret that the Sunshine State plays host to a wealth of second homes for Northern vacationers—but the actual amount might surprise you! In Central Florida alone, for example, some counties have as much as 20 to 35 percent of homes allocated to vacation use. That’s not just a staggering number—it’s a figure that affects the culture and makeup of our cities. With so many people searching for vacation homes, it can also make it easier to sell attractive properties that might be otherwise overlooked by year-round residents (for factors such as a lack of nearby schools, for example).
A retiree’s dream
As you may have already guessed, Florida is also a retiree’s dream, with almost 20 percent of the state being comprised of residents 65 years of age and older. As more Baby Boomers retire, and this number continues to grow, it may help to shape the future of Florida’s housing market and communities.
Diversity of land
Granted, Florida does not see the same geographical variation that larger (rockier) states do—but when it comes to satisfying the style of buyers of every type, Florida excels. For example, you’re rarely more than an hour or so from the nearest beach—that’s good news for buyers who enjoy Central Florida’s neighborhoods, but don’t want to live without the ocean entirely. (In larger states like California, the drive from the inland side of the state to the ocean can take more than five, six or even seven hours).
The same holds true for other natural spots. Many people see Florida as a singularly coastal state, but might be intrigued to find that their potential home is not far off from forests, wetlands, state parks, and other excursions. This diversity of land use can make Florida neighborhoods more attractive to large families and those who want a little bit of everything.
We hope that today’s blog gives you a better understanding of the state you call “home.” Call our office today for insights on how to best buy or sell a home in your local Lake County market. We look forward to working with you!