Hot Areas in Florida and Great Detriot? - Posted by Robert

Posted by Robert on April 07, 2006 at 02:45:26:

Thanks!!

Hot Areas in Florida and Great Detriot? - Posted by Robert

Posted by Robert on April 06, 2006 at 16:00:58:

Hi,

Could someone who lives in Florida or the Great Detriot area tell me what areas hot right now for single family homes?

Thanks…Robert

Re: Hot Areas in Florida and Great Detriot? - Posted by Chris in FL

Posted by Chris in FL on April 07, 2006 at 07:36:22:

Robert,
Rick says Florida is a “hot market”. Let me clarify something quickly. Florida has had rapid appreciation the past few years (and average appreciation nationwide has been high as well). Polk County, Florida, has averaged around 30% appreciation per year for the past three years. However, the markets, they are a changin’, in Florida as well as many other places. Appreciation has slowed noticeably the past 6 months, and average time to sell a home in my area (Central Florida) has gone from 3 weeks to 3-4 months, and is slowing still. Many hot markets are in the cooling process, and where these markets will go from here is anybody’s guess. Just trying to help you see all sides. Best wishes.

Re: Hot Areas in Florida and Great Detriot? - Posted by rick mcbride

Posted by rick mcbride on April 06, 2006 at 21:10:23:

there are very few areas in FL that are not hot, though it has slowed a bit lately. Stick to the beach areas and main cities and you will be fine.