Florida’s existing condo sales up in 3Q 2010
Sales of existing condominiums in Florida rose 15 percent in third quarter
2010 compared to the same period a year earlier, according to the latest
housing statistics from Florida Realtors®.
The statewide existing-condo median sales price for the three-month period
was a decrease of 21 percent compared to 3Q 2009.
“A healthy housing market is built on the foundation of a robust economy,”
said Dr. Sean Snaith, director of the University of Central Florida’s
Institute for Economic Competitiveness. “As the economic recovery continues
in Florida – and in particular as the labour market improves – the housing
market will follow suit. The price decline in the condo market continues to
attract domestic and foreign buyers to Florida to take advantage of this
buying opportunity.”
Timothy Becker, director of the University of Florida’s Bergstrom Center for
Real Estate Studies, noted that investment in real estate continues to flow
into Florida. “The apartment sector is the stellar performer,” he said.
Posted: 11 November 2010
Source: Florida Association of Realtors
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