FLORIDA MARKET BECKONS WITH POTENTIAL ? IN THE CONDO KNOW

Florida has long been a favorite vacation spot for Snow Birds and anyone wanting to escape the Canadian winters. In the 30 years I have spent in this state, I have learned that coastal properties are desirable and increase more in value more over time. Of course, that?s what Florida is all about ? being near the ocean.

Real estate here has gone through numerous cycles, and it can be advantageous for developers and buyers to enter the market when it is not at its peak. The U.S. economic downturn is starting to reverse, and the situation there is picking up. In fact, there are good signs that Florida condominiums will hold their value over the next few years and increasing in worth as the economy improves. It can only go up from here. Prices are great right now, too, especially for Canadians with our dollars on par.

A year or two ago, if a developer announced a new project, they would have been laughed at. Now, we are seeing new developments coming onto the market. Optimistic firms are buying up land and planning launches, which is very encouraging. The Florida media have been covering the increase in new residential building in Broward and Palm Beach Counties as well. They point out that the trend toward purchasing short sales is waning, as busy buyers aren?t interested in the time and expense it takes to bring these fixer-uppers up to their standards. Developers obviously feel that the market is strong enough to carry on with new communities.

And every county in Florida has something special to offer. Miami and Miami Beach are hot now, with people from all over the world including South America, Europe, Russia and the Orient are buying up surplus condominiums for a truly multicultural mix. This is another area where new projects are likely to do well. The less expensive oceanfront properties in middle and north Florida are also popular with those who want a more laid-back lifestyle. The farther you get from Miami, the less traffic and more pristine settings you will find. Even though temperatures dip more here during the winter months, these locations are perfect for some.

Now is a great time to consider real estate in Florida, while the market is stabilizing and there is a window of opportunity for those seeking phenomenal resort living for themselves or a vacation property as an investment. One of Florida?s hotspots right now is Pompano Beach ? and from our new Baker Real Estate Incorporated headquarters in Boca Raton, we are representing terrific offerings there.

Located literally steps from the ocean, Barefoot Beach Villas is a collection of just 34 townhome villas along the A1A, the Inter-coastal Highway that is so important in the state. Prominent national developer Sobel Co has nearly a decade of South Florida experience, and recognizes the potential in developing this new boutique gated community.

Barefoot Beach Villas offers pricing from the $290s ? just the kind of value the market has been waiting for. Also, these fee simple townhomes have low HOA fees anticipated at under $300 per month. To be able to buy a brand new home in an attractive gated enclave with a pool this close to the beach is unheard of at these prices. Construction will start soon and two launches are planned for July, one in Toronto and one in Florida. We anticipate a sellout, so anyone interested should register soon at www.BarefootBeachVillas.com or call 877-411-1106.

To explore our Florida properties in more detail, visit www.baker-re.com, or call us at 416-923-4621 in Toronto, or in Florida 561-447-4007 or toll free 855-BAKER11.

Executive Vice President Jack Halkowich heads the Baker Real Estate office based in Boca Raton. He is also a Veteran South Florida Realtor?

Source: http://blog.bakerrealestate.com/2011/06/24/florida-market-beckons-with-potential-2/

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