Is real estate still booming? Check out some key stats and you decide.
The answer is clear and resounding YES.
Since last year, people have been leaving their homes in major metropolitan areas and/or looking for secondary homes as a way to get away from the busy, and someone confining, city life. During the pandemic, we all experienced various restrictions and major cities usually had the strictest of
those, leaving many stuck inside their Manhattan, San Francisco or other big city apartment with nowhere to go. For months, many lived this way until they decided to make a change. Whether that was buying an RV or a second home, it meant they could finally get away.
According to a recent article from bizjournals.com, the market in South Florida skyrocketed and have continued to do so in 2021. Some statistics from the article (referenced at the bottom of the blog):
- Single-family home sales in the tri-county area jumped 28.7% to 5,143 compared to the same month a year ago. The median sales price increased 20.4% to $457,500.
- Statewide, the story was much the same. Single-family home sales were up 23.3% while the median sales price climbed 18.9% to $327,000.
- Meanwhile, condo/townhouse sales in South Florida surged 49.8% to 5,991 while the median sales price increased 18.6% to $255,000.
- Throughout Florida, condo/townhouse sales jumped 52.6% while the median sales price grew 15.2% to $242,000.
While this is great news for both the home owners and Floridians, what happens when people want to head back to their primary residence? Who will check-in their home to make sure there are no leaks in the deepest corners of their condo or house? What happens if the neighbors upstairs have a broken washer and it leaks into the floors below? Or if animals get into the garage? There hundreds of scenarios and A-Z Home Watch has seen and addressed myriad situations. Ultimately, it’s about providing you with some relief in knowing that A-Z has you covered and will make sure your home is safe, clean and in good working order. Contact us today for your free quote, we look forward to speaking with you!
Article reference: https://www.bizjournals.com/southflorida/news/2021/04/22/south-florida-home-sales-march-2021.html