Upswing on Vacation Home Purchases

Posted by Carlos German on Sunday, January 16th, 2011 at 1:19pm.

At last there are rebounds in the real estate market… Vacation Home sales have been reported at soaring levels that have not been seen since the days of the housing boom, according to The Wall Street Journal. Deep discounts and cash purchases are the reason according to analysts, in various areas across the country, and certainly the rise has been felt here in Florida.

What does that mean for you? It means that now is the time for ACTION. If you are looking to buy or wanting to sell Vacation Properties, then we should be talking today.

Sales across Florida are rising, for example in Palm Beach there has been a nearly 40 percent increase over the past year from 2009. Buyers are coming off the sidelines and stepping up to the plate to take advantage of lower prices and foreclosure lists. National Association of REALTORS® Chief Economist Lawrence Yun attributes the increase to gains in the stock market and an overall improving economy. He says prices in these areas have come down so much that there’s been high demand for these properties among buyers, particularly in areas with stable labor markets.

For sellers of vacation property in Florida, this is good news. There are interested buyers seriously shopping and even fighting over the more competitive pricing levels that are available. Demand is up! Properties that have been stuck and unmoving, now have an opportunity to be seen and purchased during this upswing. For buyers, there are excellent opportunities available and you should be looking at making a move soon. Contact us and allow us to help you navigate the options, find the best financing, and help you find your new Vacation Home.

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