Housing Market Hot & Expanding

South Florida is a hot real estate market and now smaller counties in central Florida and on the west coast of Florida, six hours north of Miami, Florida, are starting to reap the benefits.

North Florida, far from the hip Miami Beach scene, once nick named the bible-belt, is reaping the benefits of higher land prices in major South Florida cities (Miami, Miami Beach, Ft. Lauderdale, Tampa, Boca Raton, Ocala, Tallahassee, and Weston). As developers search for cheaper land to build they are venturing to smaller counties in Northern Florida with smaller populations that still have affordable land prices. With an acre going for less than $10,000, a steal by developers, many first time investors are flocking to these areas.
Land developers are feeling the price squeeze in South Florida and are seeking to capitalize on the ability to build and buy for less in small Northern counties that are looking for growth and to profit from the booming Florida real estate market.

The same way many during the gold rush went digging to find the glimmering gold dust in the west, land developers, the new property cowboys, are heading to the west coast of Florida for cheap land buys to build condominium developments and single family homes.
Ocala and Tampa have become popular among developers in the past 8 months as more buy up land. Their good fortune is spreading now to surrounding west coast counties that are banking on their new popularity.

If you haven't heard of Jena, Chiefland, Cross City, Steinhachee, Suwannee River, Fanning Springs, Andrew, take a look at Map Quest or Yahoo Directions for a reference point. These small counties are becoming more popular than Ft.Lauderdale and Brickell, in Miami, as buyers go West to the new frontier to buy up land treasures at 90% less than prices in South Florida.

New hot spots like Sebring, Lake Wales and little known places like Wauchla are seeing demand for vacant land skyrocket.
Much of the land has been owned by Florida families for over 80 years. They are now parting with it because of the hot Florida property market. As land prices continue to rise in South Florida the move is on to the west toward the Gulf of Mexico, the last of the virgin Florida water.

For more information contact: David Horine ABR CIPS CRS One World Realty Inc. 1250 N. Ocean Blvd. Ste 4 Singer Island FL 33404 561-389-3323 Fax 561-514-9916

Posted by Donald Urschalitz P.A. at June 17, 2005 08:55 AM