Top 3 Types of Properties Selling in Florida Today

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There is no doubt that Florida is experiencing a housing boom like never seen in real estate history. In fact, sale prices have gone up higher than anyone expected, and still, there is barely any homes for sale listed on the Multiple Listing Services (MLS). One of the reasons is because older folks are selling their properties up north for healthy profits, and then coming down to the sunshine state to buy their forever homes. That is why 55+ communities are sprouting up in every popular city these days.

New construction communities are thriving because of the elevated market prices for homes on the market in 2021. Even new home builders are having issues with availability, so if you’re interested in moving to Florida anytime soon, this article is for you!

So then, what are the most popular types of homes people like to buy in Florida?

Waterfront Real Estate

Whenever you think of Florida, the beautiful weather, and sunshine all year long definitely comes to mind. That’s why waterfront real estate is so popular. Enjoying the salt water is a way of life for many folks in the sunshine state. The warm ocean waters, pristine beaches, world-class fishing, and underwater reefs that are home to tropical fish and sea life that doesn’t live anywhere else. There really isn’t anything like living on the Intracoastal waterways, or the Atlantic Ocean. If you can afford to buy a waterfront house, then it should be something to consider.

Florida is a peninsula and is surrounded by water on 3 sides. This provides literally thousands of miles of pristine beaches, and the waterfront real estate options are endless.

You will find huge, luxurious, waterfront mansions, that are set on the water’s edge, and leave nothing to the imagination. They are built using the highest quality materials and high-end finishes from around the world. The waterfront views are gorgeous, and the waterfront location promotes all the amazing outdoor activities that are available to enjoy in Florida.

Other waterfront real estate options in the sunshine state include:

  • Beachfront condos
  • Oceanfront townhomes
  • Intracoastal single family homes

Not to mention all the smaller villas you can buy in quaint waterfront towns like Stuart, Fort Pierce, Naples, St Augustine, and others.

Townhouses

Townhouses are very popular in Florida, because they provide working class people, with the ability to own a home themselves. The typical Florida townhouse is considerably less than the cost of single-family homes is. Townhome communities typical have monthly Homeowners Association (HOA) dues, which pay for things like the common ground maintenance, lawn care, water, cable, and others. Each HOA has their own set of rules and regulations, that will include these fees and what they include, respectively.

Since individual townhome units are physically connected with other units in the building, you are able to share expenses like insurance for the exterior of the building, and other community wide expenses. The overall affordability makes townhomes a strong housing option for families, and those living on a budget.

Active Adult Communities

Saving the most popular for last would be the 55+ communities that offer single family homes, townhouses, villas, and condos to choose from. These types of neighborhoods have existed for ever, but recently, more than you could imagine are being built to respond to the overwhelming demand.

Active adult communities have come along way and now offer state of the art amenities that residents can enjoy year-round. Some of the most popular ones include:

  1. Golfing
  2. On-site restaurants
  3. Fitness Centers
  4. Club house
  5. Billiards rooms
  6. Snack bars
  7. Real Bars
  8. Social clubs

Plus, most have full social calendars with activities geared towards those in their golden years.

Conclusion

Hopefully you can clearly see why waterfront real estate, townhouses, and active adult neighborhoods are so popular in Florida these days. Even though inventory is tight, people are moving there in droves. Just remember that before you go it alone, you can contact a licensed and professional real estate agent in the local area, who can guide you through the sellers’ market speed bumps, that you are sure to encounter buying homes today.

Lastly, if you need to get a mortgage in Florida, the low rates that are currently available are so attractive that it might help you decide what to do. Contact a professional mortgage broker who can give you all the best options and rates you qualify for, so you can take advantage of homeownership too.

Read Also: Property For Sale By Owner – Free Promotion Tips

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