Why the Florida Real Estate Market is Unique
It’s the Sunshine State, after all…the land of snowbirds, vacationers, retirees, Spring Break, and year-round golfers. People come to Florida in search of warm weather, sunny skies, and the myriad types of housing options. Pair the wide age demographic with a temperate climate in an ever-popular destination and you can see why the Florida real estate market is unique.
Due to its appeal as a vacation destination, Florida benefits from this niche space in the real estate market. Not only is there a high demand for primary residences but also a separate subgroup of buyers looking for vacation and investment properties. This sets it apart from other locations with such varied interest levels.
Variety of Options
This diverse group of buyers is seeking options – and the Florida market is more than ready to deliver! There are a wide range of real estate options to fit all of those special interests. Whether it’s retirees seeking a 55+ community, golfers choosing to live on a country club course, those looking for extra amenities, or simply the difference between living in a gated or non-gated neighborhood – you can find them all in Florida. There are also plenty of new construction options to choose from.
Location, Location, Location
Even the geographical shape of the state adds to the uniqueness of this market. Being a peninsula means that all areas are within a reasonable distance to the coast. The allure of ocean access draws many buyers to this market, and the ability to reach a beach from any part of the state is another special feature.
Warm Weather Climate
The climate has always been one of Florida’s most important natural resources. Few seasonal variations mean warm temperatures all year round. This type of weather attracts many buyers for different reasons. A few traumatic Northeast winters have made many a Florida transplant!
Summary of Why the Florida Real Estate Market is Unique
When you combine the popularity of the destination, its proximity to coastal access, the wide variety of housing options, and the year-round warm weather - it’s easy to see why the Florida real estate market is unique. If you are looking to buy a home in Florida, give our team a call. Our agents specialize in all aspects of residential real estate and would be happy to assist you.