Why buying Your Useppa Island Home – NOW – may prove to be a smart investment
If you ever needed a compelling reason to buy your Useppa Island home NOW, take a look at the following Florida Realtors Residential Price Index. Read the Full Report
Real Estate Market Trends
Focus on Chart 2, Actual Price Behavior and Prior Trends. This chart depicts current values (the blue line) and where they would be (the dotted line) had Florida not experienced the severe market disruptions from 2003-2006, then 2006-2009. The difference between the 2 trend lines tells us how much value enhancement Florida owners are likely to experience over the next 5-10 years, in addition to normal market increases. It is going to approximate 75 to 100 basis points of the index total between 1995 to 2012/13, or almost half the normal value gain over that time period, presuming the “normal” market conditions that prevailed (mostly) for the 50 years prior to 2003.
As Chart 3 depicts, our market has just recently bumped off the bottom. Overall economic trends will determine everything eventually, but presuming some normalcy, it appears that buyers who buy – NOW – for seasonal or permanent residency, are going to experience some very attractive and above normal returns, with little risk.
Contact us for more information on our Current Market Trends.
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