Home prices are on the rise all across the United States, and that even includes the hard hit state of Florida, where homeowners have been relieved to finally see rapid increases in their home's value. Your Suncoasteam is alerting homebuyers to this trend, which signals that now is the ideal time to begin the shopping process, because home values will only continue to climb throughout 2014.
The third quarter of 2013 marked the first time since the beginning of 2006 that there was a double digit year-over-year gain of home prices nationally, with the S&P/Case-Shiller home price index indicating an 11.2% gain. It's a wonderful sign of process after nearly a decade of market woes.
Home prices in many Florida cities and regions are rising even more quickly. According to RealtyTrac, many of the biggest cities in the state are experiencing 25% year-over-year price increases or more, including Fort Lauderdale (25.0%), Orlando (30.2%), West Palm Beach (34.3%), Pompano Beach (28.2%) and Hollywood (26.8%). Right behind that group was Miami at 22.4% and Jacksonville at 20.8%, as well as Tampa, with a growth rate of 18.3%.
The increases show no sign of slowing down throughout 2014. That's partly because even with these quick gains right now, home values are still down substantially from their 2006 peak, and haven't yet evened out at a more natural level.
With home prices increasing, more homes are also being put on the market. That means a greater selection of properties to choose between for homebuyers, and while prices which are rising, they're still not where they were. Ultimately, that means that now is the time to pounce and capitalize on a market with greater selection, before prices continue their rapid ascent.
Prospective homebuyers can visit Suncoasteam.com to view a huge selection of homes and condos for sale in southwest Florida. The MLS search allows you to view real estate in many of the state's prime locations, with properties across all price ranges, and with nearly any specification or style available.
For more information, call Your Suncoasteam at 941.235.7474, and remember to start searching quickly, as these prices will be on the uptick all year long.
About Your Suncoasteam - Suncoasteam Realty, LLC
Your Suncoasteam is the leading resource for southwest Florida real estate, including hundreds of properties all across Charlotte, Sarasota and Manatee Counties. The realtors at Your Suncoasteam are dedicated to helping each and every person find their dream property, at affordable, reasonable prices, in beautiful cities such as Sarasota, North Port, Venice, Punta Gorda, Port Charlotte, and many others. Learn more about Your Suncoasteam and browse all of the current properties for sale by visiting Suncoasteam.com or calling 941.235.7474.
Company Name: Sun Coast Team - Florida Real Estate
Contact Person: Jim Mulligan
Email:Send Email
Phone: 941-235-7474
State: Florida
Country: United States
Website: http://suncoasteam.com/
Source: www.abnewswire.com
