With 1,350 miles of beautiful coastline and sunny weather most of the year, it should come as no surprise that Florida’s real estate market is among the top-performing in the country. And since many people still work remotely due to the Covid-19 pandemic, the Sunshine State is proving to be a particularly attractive place to own a vacation home.
“I would describe Florida’s real estate market right now as hot, just like our weather,” said Dina Goldentayer, executive director of sales with Douglas Elliman in Florida. “There is very low inventory and very high demand.”
Goldentayer explained that while this doesn’t necessarily translate into bidding wars, prospective buyers should be ready to “act quickly and to not think that something would be still on the market when they come back to town a few months later.”
According to a market report for Florida’s East Coast by One Sotheby’s International Realty, median single-family home prices in the region have reached a record high, with almost a third of all sales (houses and condos) currently selling above listing price.
Most buyers looking for a vacation home in Florida are in the market for properties in luxury buildings with lots of high-end amenities, in proximity to restaurants and sporting events. “And views of the ocean,” said Goldentayer. “You can never get tired of looking at those.”
If you’re thinking about investing in a vacation home in Florida, here are the best Florida towns, cities, and destinations to target.
