If you haven’t heard by now, the entire country is experiencing a different kind of jousting market, then ever before. Some states are seeing lots of folks selling their houses and moving to other states to live or retire. Florida is one of those states where people are moving to so quickly, the housing market can not keep up. In fact, some cities don’t have many homes for sale, that are listed on the Multiple Listing Service (MLS).
Even new construction developments are selling out fast. There might not be any lots available in new home projects and customers are trying to purchase their land and then have their new home built. Even this has been challenging to say the least.
So why is this happening?
Florida has some unique qualities that buyers find especially attractive in recent years. The most obvious reason is the great weather year-round. If you enjoy the heat, then the sunshine state has got you covered.
Additionally, Florida has zero state tax, which means that people living here save their money, instead of paying that additional tax that many other states have.
Moreover, Florida promotes the retirement lifestyle and has a plethora of 55+ new construction communities being built, above and beyond the those built in the past.
Can Anyone Retire in Florida on a budget?
With all the new construction happening, the home prices are rising as well. So much so that many properties have become unaffordable, to working class people, who are on a budget financially.
However, there are many affordable housing options available. Older neighborhoods like Kings Pointe in Lake Worth, offer 1- and 2-bedroom condo homes, located within the 55+ community. Places like this really do have the best bargains today. Many of them have single family homes for sale too.
Are There Upscale Places to Live?
If you desire a more luxurious lifestyle, Florida will not disappoint. For those who can afford it, there are new home neighborhoods being built in Tradition, near Port Saint Lucie, that are stunning, and provide everything you could ever want or need in your golden years.
These aren’t your typical houses, they are built with state-of-the-art materials, which are up-to the most recent hurricane codes. They have built in technologies like Alexa, smart appliances, and WIFI.
Moreover, the high-end finishes used to complete the home are out of this world, and will remind you of your success, each time you walk in.
Just be prepared to pay a premium price in today’s inflated market…
Is There Any Room for Investors?
Investors who think they can come to Florida, buy older homes, fix them up and flip them for a profit, are correct. Yes, today’s market warrants investor money, and can produce some very healthy ROI’s when done properly. Of course, investing in real estate can be risky so make sure that you know what you are doing, or know someone who does. If you are thinking about investing there are realtors who specialize in working with investors.
They can guide you to the best areas to make a buck or two. Utilize a realtor to run comps of sold homes in the area that you’re considering investing within, to make sure you know the top selling prices, so you can figure out your rehab budget, and profits too.
Which Cities are the Most Popular in 2022?
There are some clear-cut winners when it comes to the most popular cities to live in Florida. Here are just a few:
- Port Saint Lucie
- Fort Pierce
- West Palm Beach
- Fort Lauderdale
And others too. It just depends on if you want to live on the east, or west coast, by the water, or inland, and the budget you are working with. But it won’t matter, because wherever you choose there will many wonderful things to enjoy, every day.
Now you see some of the reasons that make Florida a popular state to move to. If you are thinking about coming to the sunshine state, do not wait to long. At the rate newly listed houses are selling at, there might not be any left when you get here. But with all the new construction projects popping up in desirable zip codes, there will always be something for you here in Florida.