You have to admit, this is the best time to be in South Florida; especially if you are looking for real estate. Whether you are buying or selling now is the time to move forward.
This summer we took our vacation in the Florida Keys as usual. I noticed that the real estate market in that area is just like the one in Hollywood, except the prices are a great deal higher.
The funny thing is, that Hollywood offers the same type of living and activities as they do in the Florida Keys. So why not buy in Hollywood? Even the luxury houses and condos are selling at extremely low prices considering the how the market was in 2003-2005.
For awhile now it has been a buyers’ market, with many properties out there for sale. That is gradually changing week to week. Don’t get me wrong, there are still many houses and condos for sale but the lowest priced are getting sold every day. Even in your foreclosures and short sales, the banks are realizing that they need to be more cooperative in getting these homes off the market. This too will speed the recovery process.
Why rent when you can buy? Do yourself a favor take a look at the real estate market today….it could be changing in the near future.