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Florida Median Home Price Rises in MayBy Leanne Paynter | 2:07 PM on Jun. 27, 2006 | Florida Real Estate BlogFlorida's Existing Home Median Price Rises in May 2006; Sales Ease as Market Adjusts In 2001, the statewide median sales price was $125,200, which is an increase of about 104.7 percent over the five-year-period, according to FAR records. The median is a typical market price where half the homes sold for more, half sold for less. Nationally, the median sales price for existing single-family homes was $222,700 in April, up 4.3 percent from a year earlier, according to the National Association of Realtors (NAR). In California, the statewide median resales price was $562,380 in March; in Massachusetts, it was $354,000; in Maryland, it was $305,720; and in New York, it was $263,000. Home sales across the nation are settling into a slower pace, which is good for the long-term health of the sector, according to NAR housing industry analysts. Still, NAR expects 2006 to be the third strongest sales year on record. Analysts note that the adjusting housing market will continue to provide a strong underlying base to the economy, while slower appreciation will help to preserve long-term affordability. Looking to Florida's existing condominium market, sales of existing condos also decreased in May, with a total of 5,725 condos sold statewide compared to 8,337 in May 2005 for a 31 percent decline, according to FAR. The statewide median sales price for condos remained relatively flat last month at $222,000; a year ago, it was $222,100. The national median existing condo price in April 2006 also was $222,000. According to Freddie Mac, the average rate for a 30-year fixed-rate mortgage was 6.60 percent last month, up from 5.72 percent in May 2005. FAR’s sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written. Of the state's smaller markets, the Pensacola MSA reported a 1 percent increase in existing home sales in May, with 589 homes sold compared to 582 homes sold a year earlier. The area’s median existing home sales price rose 8 percent to $170,600; a year ago, it was $158,600. Sixty-seven existing condos sold in Pensacola last month compared to 70 condos sold in May 2005 for a drop of 4 percent. The market's median existing condo price rose 31 percent to $196,700; a year ago, it was $150,000. Charts showing statistics for Florida and its 20 MSAs are attached. One chart compares the volume of existing, single-family home sales and median sales prices in May 2006 to May 2005, based on Realtor transactions within the MSAs. The other chart compares the volume of existing condo sales and median sales prices in May 2006 to May 2005, based on Realtor transactions within the MSAs. [ Single-Family PDF HTML ] [ Condominium PDF HTML ] © 2006 FLORIDA ASSOCIATION OF REALTORS® Find more articles tagged with: Florida Real Estate Market, Florida Real Estate News, Florida Median Home Price
Florida Official State Pie - Key Lime PieBy Leanne Paynter | 1:35 PM on Jun. 20, 2006 | Florida Real Estate Blog
It's official!!! Governor Bush approved Senate Bill #676 designating key lime pie as Florida's official state pie. The act shall take effect on July 1, 2006. Florida residents and visitors alike have made key lime pie among the most popular desserts in Florida restaurants.
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Florida Real Estate NewsBy Leanne Paynter | 5:58 AM on Jun. 11, 2006 | Florida Real Estate Blog-
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Florida Luxury HomesBy Leanne Paynter | 11:48 AM on Jun. 9, 2006 | Florida Real Estate Blog
The only Florida zip code included in the top 100 of Forbes magazine’s 2006 list of “Top 500 Most Expensive Zip Codes” is Miami Beach’s 33109 (Fisher Island) at #10 with a median sale price of $1,942,500. Next on the list in Florida is #102 - Lee County’s Boca Grande zip code 33921 with a median sale price of $1 million. Collier County’s Naples zip code 34102 is at #192 with a median sale price of $850,000.
In order of descending median sale price, here are the rest of the Florida towns included in Forbes’ “Top 500 Most Expensive Zip Codes” list: Islamorada (33036), Captiva (33924), Longboat Key (34228), Fort Lauderdale (33330), Key Biscayne (33149), Marco Island (34145), Key Colony Beach (33051), Naples (34103, 34108), Miami (33146), Sanibel (33957), Palm Beach (33480), and Sarasota (34242). Find more articles tagged with: Florida Luxury Real Estate, Florida Luxury Homes, Expensive Zip Codes
June is National Homeownership MonthBy Leanne Paynter | 1:12 PM on Jun. 7, 2006 | Florida Real Estate Blog- Opening the doors to homeownership is a top priority for Florida Realtors® and the Florida Association of Realtors® (FAR). Therefore, Realtors across the state and throughout the U.S. are joining forces to promote housing opportunities and the removal of barriers to homeownership in recognition of June 2006 as National Homeownership Month. "As Realtors, we work every day to help people realize the American Dream of owning their own home," says 2006 FAR President Mike Dooley. "Opening the door to homeownership helps families find security and stability. Buying a home is the biggest and best financial investment that most people make in their lifetime, but it also gives them a sense of place. Florida's homeownership rate of 72.4 percent in 2005 represented a record high level, but there is still a great opportunity to help more people have a home to call their own. And Florida Realtors have the great privilege of helping to make that happen." Recognizing June as National Homeownership Month encourages all in the real estate and housing industries to promote homeownership as source of economic strength and to increase the ranks of homeowners, especially among minorities. The White House has challenged public and private entities to work together to boost homeownership by 5.5 million homeowners by 2010. According to the most recent U.S. Census data, the overall U.S. homeownership rate was 68.5 percent in the first quarter of 2006, down from the record 69.1 percent homeownership rate in first quarter of 2005. "Realtors build communities and we are carrying out the nation’s housing mission -- helping to elevate homeownership to more than 69 percent of U.S. households," says National Association of Realtors® (NAR) President Thomas M. Stevens. Dooley adds that homeownership serves as a solid foundation for communities, instilling pride and a sense of belonging among individuals. Research on homeownership supports Realtors’ belief that homeownership provides a variety of tangible and intangible benefits to the community, the economy and the individual homeowner. For instance, studies have found that homeowners volunteer for political and charitable causes more frequently than renters do. Also, children whose parents own their own home tend to do better in school and to be better behaved; the greater stability of homeownership also has been found to be good for child development, according to recent research. © 2006 FLORIDA ASSOCIATION OF REALTORS® Find more articles tagged with: National Homeownership Month, Florida Realtors, Florida Association Of Realtors
Florida Real Estate NewsBy Leanne Paynter | 1:36 PM on Jun. 5, 2006 | Florida Real Estate Blog-
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Florida Birds - Florida Audubon SocietyBy Leanne Paynter | 5:42 AM on Jun. 1, 2006 | Florida Real Estate Blog
While at the Florida Audubon Society's website you can learn about the various Florida waterbirds including a few of my personal favorites - the herons, egrets and ibis' - as well as one of the more interesting ones - the Florida burrowing owl, the mascot of my alma mater, Florida Atlantic University. You'll also learn about the Florida Audubon Society's ongoing involvement in the restoration of the Everglades ecosystem, as well as Lake Okeechobee sanctuaries, the Corkscrew Swamp Sanctuary, and the Florida Keys Environmental Restoration Fund which is used to restore, enhance and manage Florida Keys natural areas.
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