Florida Real Estate

Over the past few years, the Real Estate market in Florida has continued its recovery from the "bubble burst" but specific areas are still stronger than others.

Rentals have gone up but sections (often in same cities) remain stagnant. Why? Well all it takes is one short sale or foreclosure in your neighborhood to drag your home value down.

In Sarasota Florida, 2013-2014, saw spec homes for the first time in a decade.. Some of which sold during construction... However Sarasota is still seasonal, so those spec homes that did not sell during season are sitting on the market with price reductions.

West of the trail in Sarasota Florida saw itself reborn this season with lots going for 500k or more.. But the era of 8,000 sq ft homes seems to be over. Builders instead are choosing for 4,500sq ft homes and smaller with high end finish outs to appeal to more buyers .

The Multi Family market has been picking up for investors because rents have been going up. Our Company TTJ INVESTMENTS recently sold our multi family condo complex because we bought it out of short sale 3 years ago. However the new company will still make great $$ on rentals and future expansion. 

In short, the summer slows our Florida sales market, but Florida is on a continued path of healing

Regards,

Jordan Letschert