With one of the busiest Real Estate markets that Florida has ever experienced over, what can people expect in 2022? There are some cities that are attracting so many buyers from around the world that there aren't any properties available to purchase. In fact, some new construction communities require large deposits, and they can’t typically produce the house you bought for at least 1-year.
Sounds crazy, right?
But it is true… In fact, 2022 feels like more of the same, with buyers coming from states like New York, Connecticut, Washington, and Massachusetts, to retire in the sunshine state.
Of course, some cities are much more in demand, than others. Destination hot spots like Orlando, Tampa, and Miami, are perfect examples. The prices for real estate, in those cities, have gone up so much, it has become unaffordable for many working-class people.
As far as owning property in Florida goes, one aspect looks out of place—property taxes! Did you know that Florida has one of the highest property tax rates in the country? Thankfully though, there are a number of exemptions available that can lower the overall tax bill. To get a better idea on how these exemptions might impact your taxes, go online and find a dependable tax calculator to crunch the numbers. Contrary to high property tax rates, Florida does have an alluring aspect attributed to their tax plan and that is the personal income tax rate—or lack thereof. You heard that right, Florida requires absolutely no personal income tax from it's residents
Thankfully, mortgage rates, and home loans in Florida, are still considered low, very low.
So where in Florida can you still buy homes for sale at prices that are affordable?
The Treasure Coast
Comprised of several cities that have seen a sharp rise in demand recently, and still provide the best bang for your buck.
The Treasure Coast is located about 30-minutes north of the Palm Beaches, by car, and just south of Sebastian. The area really is a hidden gem, and you can find anything you want in lifestyle choices there.
New Construction Homes
For instance, Port Saint Lucie is growing exponentially, and new construction homes are all the craze. New home builders are creating beautiful neighborhoods, with single-family homes, townhouses, and condos for sale. They cannot build the homes fast enough though, and folks would be smart to reserve a property, well in advance of their grand opening.
These homes are typically within master-planned communities with resident-only amenities like swimming pools, fitness centers, walking trails, gated security, natural preserves, and more.
Golf Course Neighborhoods
Some are set on championship golf courses, built by legendary golfers, with open tee times for residents and their guests. You will find pro-shops, with expert golfers who are available to coach you into your best game ever. Not to mention that many of the homes are set directly on the course, at great holes, with amazing views, and regular golf games to watch.
Waterfront Real Estate
Others are luxurious waterfront homes, which are set on the St Lucie River, with breathtaking views of the waterways. Many even come with boat docks and deep-water access to the Atlantic Ocean, where you could spend endless days exploring the sea and the Barrier Reef, nearby. You can find full-service marinas at exclusive waterfront neighborhoods, who can care for, and store boats, and yachts for their residents and customers.
Beachfront condos are huge as well. With hundreds of miles of beaches, Florida boasts some of the best beachfront real estate, anywhere in the country. You can find affordable condos in cities such as Hutchinson Island, Lake Worth, or Jacksonville respectively.
As mentioned, people love the low taxes, beautiful weather year-round, and affordable housing options in Florida. More folks are moving there to retire in 2021 than ever before in history. According to local Treasure Coast Realtors, 55+ homes for sale are in more demand in 2022, than last year.
If you are thinking about retiring in the sunny weather, new construction 55+ real estate is being built now, for the coming years' buyers.
You might not think about investors when you think of fast-moving markets, but they contribute to the market overall. In Florida, investors are buying up properties with damage, to fix and flip them for profits. There are tons of dilapidated homes in the sunshine state, that can be purchased at bargain prices, then rehabbed into gorgeous homes, and sold at market prices, which are through the roof now, no pun intended.
Hopefully, we’ve made some valuable points about trending Florida cities with great hosing options available in 2022. As always, it is recommended that you consult a licensed, reputable real estate agent before trying to purchase homes in this type of market. They can offer valuable advice on how to structure your offer to ensure it stands out amongst the rest. Remember, you are not going to be the only people trying to buy homes at the same time.
Having an edge in today's market can help you find and buy your dream home in Florida today…