The Florida real estate market will continue to grow through the end of 2021 and beyond. Treasure Coast property values have increased.
– Maureen Dore
PORT ST. LUCY, Florida, USA, July 9, 2021 /EINPresswire.com/ – The Florida real estate market will continue to grow until the end of 2021 and beyond. Property values in Treasure Coast – St. Lucy County, Indian River County, and Martin County have increased. This surge is driven by a boom in the South Florida economy, including an influx of new companies and state residents moving to the area.
After the COVID-19 pandemic, the real estate market felt its impact on the entire country. Over the past year, Treasure Coast has become one of the fastest growing real estate markets in the United States. Florida’s Treasure Coast region is a stretch of the Atlantic Ocean that stretches from Vero Beach to Palm Beach. The Treasure Coast Metro includes: Port Saint Lucy, Fort Pierce, Vero Beach, Jensen Beach, and West Palm Beach. The Florida area has recently seen a spate of transplants from high-tax areas like New York City, especially since the pandemic. As a result, this has sparked demand for real estate in Florida, especially in the Treasure Coast region.
Growth in the Florida Treasure Coast Region
Florida’s population is projected to increase to nearly 26 million by 2030 (Source: Florida Chamber of Commerce). Out-of-state transplants are expected to rise in the new decade, as well as an influx of overseas-born residents. Florida’s Treasure Coast attracts new residents every year for its beaches, attractions and local culture. South Florida real estate will be in demand in 2021 and the number of single-family home purchases has increased. The South Florida Business Journal reports that sales of single-family homes increased 24.4% year over year. Port Saint Lucie has become one of the fastest growing cities in Florida.
Real estate in Port Saint Lucie, Florida
Treasure Coast properties are showing no signs of slowing down. The real estate market across Florida is seeing record numbers. Mansion Global found that northerners stay here longer than a few months in winter. Rather, they are moving out of vacation homes or rentals and looking for permanent residence. This real estate trend has been exacerbated by the pandemic.
“I put my home on the market in Port Saint Lucie, and in the following days, I immediately received eight different offers. The real estate market is explosive right now and now is the time for home sellers to get the best price for their property. ” – Greg, client of Dore Step Real Estate Services
Florida isn’t the only state where house prices are going up. This trend is seen across the country, especially with homes selling for above listing prices and an influx of cash buyers. Dore Step Real Estate Services in Port Saint Lucie saw an explosion of interest in home purchases last year. Founder Maureen Dore comments on the recent surge in consumer interest in Port Saint Lucie:
“Many buyers are particularly interested in Saint Lucie County and are willing to purchase any home available at any time. My lists grew and disappeared by the end of the week. Once the property is available on the market, you must jump on it immediately, otherwise it won’t be there when you check it out later. ” – Maureen Dore, Founder, Dore Step Real Estate Services
Homes will become unavailable next year and inventory will not be able to meet demand. Prices won’t drop anytime soon. Not only single-family homes are in demand. Dore Step Real Estate Services has also seen a rise in interest in beachfront condos, villas and townhouses. Port property. Saint Lucy is rising in value. The city ranked 4th in the country for house prices with the largest price gains since 2017. According to new data from Realtor.com, the average selling price of homes has increased by almost 58% over the past 4 years.
About Dore Step Real Estate Services: Dore Step Real Estate Services in Port Saint Lucie, Florida offers an advanced marketing approach and solid understanding of the real estate process, and helps clients overcome the complexities of real estate contracts and negotiations. , checks, due diligence and the whole escrow process. Whether you are a buyer or a seller, your goal is to protect your interests. Dore Step Real Estate Services aims to ensure that buyers get the best real estate deal and sellers get as much money as possible for their property. www.dorestepre.com…