Similiar deal in So. Florida (to Maine), particularly beach areas....although some high end has slowed down some, still big offers being made/accepted.....middle market less affected....Especially Miami area, international buyers play a big role (probably more than any other area in the country on a % basis). Huge influx of Venezuelan, Colombians, and Argentines buying/fleeing economic/political/other problems in their country. Funny (strange, not haha) that world economic crisis actually helps Miami real estate.
Naples, West Palm, Jupiter...those areas slowing down a little, but not much....not much slow down expected going forward either by agents/owners of agencies (I've spoken to a few) either...but then again, those guys are always optimists...I think, though, they are not far off- at least for near-term (next year)
Of all of the "hot" areas in the country, I'd think Florida would hold up better than most (over next several years), simply due to the demographic trends (including retirees) and, in Miami, international flight....also, in Miami, any strengthening of the Euro may play a role (Euros buying 1st/2nd homes) |
