- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (18)
- Georgina OBryan, "GOBryan1"
- Contributions:483
My guess is South Florida. It's always been more desirable than Central Florida.
- Sergio Hernandez, "Sergio Hernandez"
- Contributions:619
Naples
- NTETS, "Mr Caveat"
- Contributions:6436
I think southwest Florida is already starting to see signs of improvement, especially the Naples and Marco Island area. In Naples we had 57 closed sales over $1M in June. May was also very active with over 1000 units going under contract compared to 589 one year prior.
hahahahaha
that is a perfect example of exactly why i ignore what "experts" say regarding their local market. i have family in Naples, so i follow their market actually more closely than the Seattle area.i have family in construction, insurance, education, service, even government. NAPLES IS IN A DEPRESSION. there are no two ways about it. home prices have fallen 70% including 30% THIS YEAR.
South Florida has been hit the hardest in Florida because it was the most popular during the real estate bull market
no, it was hit hardest because 1/2 of all jobs were related to construction and tourism. the economy is dead. people cant get loans, small businesses are closing, the largest mall is half empty, construction projects stopped half finished...
all that said, if i were a in the market for an investment property, i probably would consider Naples, but i would make pretty damn sure that there was a better trend in place than -30% yoy
hahahahaha
that is a perfect example of exactly why i ignore what "experts" say regarding their local market. i have family in Naples, so i follow their market actually more closely than the Seattle area.i have family in construction, insurance, education, service, even government. NAPLES IS IN A DEPRESSION. there are no two ways about it. home prices have fallen 70% including 30% THIS YEAR.
South Florida has been hit the hardest in Florida because it was the most popular during the real estate bull market
no, it was hit hardest because 1/2 of all jobs were related to construction and tourism. the economy is dead. people cant get loans, small businesses are closing, the largest mall is half empty, construction projects stopped half finished...
all that said, if i were a in the market for an investment property, i probably would consider Naples, but i would make pretty damn sure that there was a better trend in place than -30% yoy
this question is from over a year ago, and south florida agent's cheered the whole year... Without noticing the irony, John comes along to continue the trend...
- John Krol, "Broker John"
- Contributions:22
South Florida has been hit the hardest in Florida because it was the most popular during the real estate bull market, I would look in the blue chip areas of south Florida. I personally believe in Naples FL. Prices are depreciated down beyond 2000 levels in most areas. I believe this area will come back the strongest because of it's beauty, nature, cultural events, proximity to Miami, Ft. Lauderdale, just come down and see for yourself. You will not be disappointed. Do not listen to the doom sayers. They are saying it has not bottomed yet. They probley said the same thing about the stock market earlier this year and missed a quick 30%, I have noticed a change in the real estate market down here. Naples is an international market and south Florida is the only piece of tropical real estate in the mainland US. It is the REO inventory that has been coming on the market keeping prices down is some areas (not all, some areas pricing is improving where there are not many foreclosures). Banks are terrible in disposing real estate holdings but this will not last forever , and I am viewing this as a once in my lifetime opportunity to buy homes at a fraction of the replacement value. Do not miss this. Find an agent with investment experience and is a top 1% producer in the area you choose to start showing you ideas.
- MTtrader
- Contributions:38
You Realtor's are obviously from the area your each cheer-leading for LOL don't listen to these used car salesman, their only looking after their own diminishing commissions ! bottom line is every town in FL is still overpriced and no were near the bottom. FL leads the nation in foreclosures and even worse notices of defaults are building sky high. If your naive enough to buy into the propaganda go ahead and buy!
- MTtrader
- Contributions:38
- Daniel Hunter, "DanHunterRE"
- Contributions:44
areas where the loses were exaggerated. In Hudson, florida some communities went from $40k to $130k back to $45k. Lots of potential here and in surrounding areas. That is why so many builders have been here, and are starting to come back. it has been a long time since Florida homes have been so affordabe. And best of all, you can now make money buying a property to rent. in past years that market was upside down.
why would you buy a $300,000 house only to rent it out for $1200-1500
tide has turned
why would you buy a $300,000 house only to rent it out for $1200-1500
tide has turned
- Ken Lowe, "NAPLESREALTY"
- Contributions:122
I believe the coastal areas in South West Florida have the best opportunity for the near term. The values plummeted drasticaly and the inventory has started to dwindle indicating tht pricing has reached a level where invstors want to return to the market. The Collier County market has a strong traditional demand and is a smaller market which I believe will recover quickly. I would be happy to share charts and ideas as to why I believe our market may have already turned the corner.
- Sarah Maus, "SarahMaus"
- Contributions:47
The Orlando area will always remain "strong" as an investment...we have the tourist attractions, close proximity to beaches, gorgeous weather, and of course, the up and coming "Medical City".
No one knows if we have, or when we will "hit bottom".
Of course the stats show that buyers are "coming off the fence", so to speak, but half of them are investors buying up the distressed properties.
I suggest you do your homework, and work with a knowledgable Realtor
No one knows if we have, or when we will "hit bottom".
Of course the stats show that buyers are "coming off the fence", so to speak, but half of them are investors buying up the distressed properties.
I suggest you do your homework, and work with a knowledgable Realtor
- Juanita Futch, "jfutch"
- Contributions:73
I would look at areas in Florida that have taken a hit as others, but not quite so bad. I'm a Realtor in the Gainesville area just north of Ocala, and although our area was affected by the decline in the real estate market, the percentages of foreclosures and drop in prices did not seem as hard hit as others. Maybe due to the ammenties in the area, home of the University of Florida, Shands Teaching Hospital, UF's Veterinary School, ect.? And of course waterfront properties. Think about what Florida has to offer and where people would want to be.
- Melissa Godwin, "MelissaGodwin"
- Contributions:194
We are seeing a strong sign that the bottom is here or close to it. Good buys are here especially for those that can wait for short sales. I am seeing more buyers than ever calling us.
- Jeff Konstant, "jkonstant"
- Contributions:1970
I sold and left Virginia for Florida in October 08. Despite the realtor spun media hype recently, it is bad. It is very bad. Unemplyment is rising, tax bases are declining and there are so many homes not yet on the market that have simply been abandoned that there is no way to know where recovery might begin or when itmight happen. Condo fees are not being paid and services are being cut off (water/sewer/electricity). There is serious upward pressure on already sky high insurance premiums. Tourism is down statewide and non existent in some places. It's a mess all over.Bt snce you asked, as an investor, wait a couple of years. In Brevard County we have NASA. The space shuttle program is ending next year and unemployment is going to skyrocket as well as home values are gong to really plummet. Wait it out a few years and until the new over budget, over priced Orion program gets rolling along. 2013-2015 might be good years here.
hilarious!!! they aren't done going down yet, not even close!!!
- Gary Holzhausen IV, "naplespropertypro"
- Contributions:100
I think southwest Florida is already starting to see signs of improvement, especially the Naples and Marco Island area. In Naples we had 57 closed sales over $1M in June. May was also very active with over 1000 units going under contract compared to 589 one year prior.
- Lori Lamb, "lorilamb"
- Contributions:18
It always seems to come back from the bottom up. Miami area I think will be one of the first Florida areas to come back.
- Lynn Wilber, "NaplesLynnGRI"
- Contributions:104
In my opinion, it will be the areas that are on the beach or have beach access like Pelican Bay. There is only one beach and location to it drives prices.
- frisky1
- Contributions:448
The area that wasn't overbuilt.Maybe the everglades?Â
when are they predicting florida will be underwater because of global warming?
when are they predicting florida will be underwater because of global warming?
which area in florida is most likely to come back strong quicker for real estate investments?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.