Many people in the United States are interested in purchasing real estate. Whether this is for their primary residence, a vacation home, or an investment, they spend a considerable amount of time reviewing the market. Median sales prices throughout the country do vary, of course, and realtors will state that this depends on a variety of factors. Sales prices, including median sales prices, are influenced by location as well as whether or not these properties are foreclosures, distressed homes, or non-distressed homes.
If you’re planning to purchase a first or second home, you may be interested in some recent statistics on median sales prices:
- Foreclosures: $155,000.
- Non-distressed homes: $$216,000
- Vacation homes: $200,000
A recent survey found that many home buyers are looking for vacation homes to create a family retreat. This was the case for 42% of the participating buyers. Waterfront and other beach area properties were popular with 36% of the vacation home buyers. While there are a variety of beach areas where people purchase vacation homes, Florida is one of the more popular states in the country. Every year, it welcomes 100 million visitors and vacationers, many of whom decide to purchase a first or second home there.
On a daily basis, Florida receives about 1,000 new residents, and its population is expected to experience continued growth. If you’re thinking about moving to Florida or purchasing a vacation home or investment property there, you may be interested to know that the 2020 Census will likely reveal that Florida’s population exceeds 22 million residents.
You’re probably aware that working closely with realtors can streamline the house-buying process for you. Rather than spending hours searching for houses or apartments on the Internet, a local realtor will have access to updated listings. Once you contact and meet with a local realty company, their realtors will be able to show you the available luxury apartments and beach houses in the area. When you find just the right place, you and your family will enjoy being by the beach and experiencing everything else that Florida has to offer.