Logo

travel, hotel and booking Information

Home | Directory | Guide | Blog

Florida Home Prices Rose in October but Sales Declined

Hotel Booking By Staff

01 a.m. July 23, 2005, through midnight July 31, 2005, books, clothing, footwear, and certain accessories with a sales price of $50 or less per item and school supplies with a sales price of $10 or less per item are exempt from Florida sales and use tax. The exemption does not apply to sales of books, clothing, or school supplies within a theme park, entertainment complex, public lodging establishment, or airport. For more details, consult Florida Tax Information Publication No. 02 available from the Florida Department of Revenue.

Travel Agency (AXcess News) Miami - According to a recent report by the Florida Realtors Association, home prices rose in October with the median resale price up 28 percent, though the number of homes sold declined, notably in southern areas directly impacted by Hurricane Wilma's march across the state.

With Moran's declining health, Proux and his son hauled the car to their Florida home in the hopes of restoring it.

Cheap Hotel Most insurers stopped issuing new policies when the hurricane neared Florida, which affected the slowdown in home sales, and following the storm, some lenders required a re-inspection of properties before they would release mortgage money.

Today, the U.S. market will be closed due to the Veterans Day Holiday but the rest of the week is expected to be quite full with economic events that will indicate whether Federal Reserve Chairman Ben Bernanke was right to be more worried about growth than inflation. The forecasts for October Retail Sales are low, currently standing at 0.2%. Later, Producer and Consumer Prices might surprise to the upside given the rise in food and energy prices. In addition, Pending Home Sales, the Empire State Manufacturing Survey and the Treasury International Capital flow report are also expected during the week.

Flight Booking Despite storm problems, however, the state's median home price rose 28 percent in October to $241,000 from $188,800 in October 2004. In September 2005, the median price was $247,800. In October 2000, FAR records show the statewide median sales price was $116,100, resulting in an increase of 107 percent over the five-year period.

This week, the USD may extend its losses as reports are expected to show declines in Home Sales, Durable Goods, and Consumer Confidence.

Travel Agent Many Realtors across the state report gains in housing supply, giving buyers a larger selection of homes to consider. Statewide, a total of 16,029 existing single-family homes sold last month compared to 16,844 homes a year ago for a decrease of 5 percent, according to FAR.

Despite the improving Eurozone employment which rose from 1.20% to 1.40% Y Q3, Y Q3 declined from 2.40% to 2.00% after it had been expected to rise to 2.60%.

Hotel Chicago The national median existing-home price in September was $212,000, up 13.4 percent from the previous September's median price of $187,000, according to the National Association of Realtors (NAR). In California, the statewide median resales price was $543,980 in September; in New York, the median price was $275,000; and in North Carolina, the average resales price was $208,097.

Online Booking Interest rates for a 30-year fixed-rate mortgage averaged 6.07 percent in October, a slight increase from the average 5.72 percent in October 2004. FAR's sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Travel Health Insurance Among the state's larger markets, the Daytona Beach metropolitan statistical area (MSA) reported that 1,037 homes sold in October for an 18 percent gain over October 2004 home sales of 881. The median home price in Daytona Beach rose 35 percent over the same time period, from $165,000 in October 2004 to $223,300 in October 2005.

Hotel Reservation Shawn M. Goepfert, president of the Daytona Beach Area Association of Realtors and owner of Ideal Realty of Volusia, says that demand for Daytona-area homes is now catching up with supply. "We started 2005 off with only about 1,000 residential listings, really robust sales and it taking only about two or three weeks to get a contract," Goepfert says. "That demand really pushed up our sales price, but in the last 30 days, our inventory has increased to about 3,000 residential listings."

London Hotel Booking Other larger MSAs with strong sales and price increases include Jacksonville, with 1,504 home sales in October for a 38 percent gain over October 2004 sales numbers; and Tampa-St. Petersburg-Clearwater, with 3,735 homes sold for an increase of 4 percent over the same time period. Prices also rose in both markets over the year. In Jacksonville, the median price rose 20 percent to $191,600; in Tampa-St. Petersburg-Clearwater the median price rose 35 percent to $225,700.

Discount Travel Among the state's smaller MSAs, Lakeland-Winter Haven posted a 24 percent gain in home sales in October, with 513 homes changing hands compared to 414 homes a year ago. The market's median sales price rose 50 percent in October to $173,500; last year, it was $115,500.

Orlando Hotel "I think people have discovered our little secret," says Peggy Daley, treasurer of the Lakeland Association of Realtors and a Realtor with ImperiaLakes Realty Services in Lakeland. "We've got the best of everything. People are moving here in droves from South Florida, plus people from the North keep coming down and quickly realize that we're centrally located with easy access to Tampa or Orlando -- but without the traffic."

Booking Agency Other smaller MSAs that posted gains in the number of homes sold in October include Ocala, where 482 homes sold for a 15 percent jump; and Tallahassee, where 393 homes sold for an 18 percent increase. The median sales price in those markets also rose. In Ocala, it rose 38 percent to $159,200; and in Tallahassee, 19 percent to $172,700.

[ Comment, Edit or Article Submission ]

Share this:

Add To Slashdot Stumble This Digg This Add To Del.icio.us Add To Reddit Add To Yahoo MyWeb Add To Google Bookmarks Add To Furl Fav This With Technorati Add To Newsvine Add To Bloglines Add To Ask Add To Windows Live

More about:

Nov December 2008 Jan
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

travel, hotel and booking Information Blog on Technorati Related Blog of travel, hotel and booking Information on Sphere