Is the Florida Condo Lifestyle for You?

If you have thought about taking the plunge into a condo lifestyle then now may be the time to strike. The Florida Association of Realtors have reported that the price of condos in Florida is so low right now, that the market has most likely bottomed out.

They are basing these figures on the latest set of sales stats to come out which show that the median price of a Florida condo is down by about 9% over this time last year. Also the number of units sold compared to this time last year is down by 29%.

Florida is prime retirement choice for many people. In fact, the state of Florida brings in 300,000 new residents per year, second only to the state of Texas. This indicates that the condos in Florida will always hold their price, in spite of small nationally-influenced fluctuations.

Many shrewd buyers are moving in on the condo market, now while the price is dipped. The economy in Florida is still plugging along, although according to the Florida’s Institute of Economic Competitiveness, it is at a slowed pace for now. Once it picks up, no doubt the condo prices will be right alongside it.

Many condos offer waterfront opportunities in varying degrees, including ocean front, river front and canal front. If you have often dreamed of a small boat and a carefree lifestyle, now may be the time.

In Florida much of the recreation involves water and there are sailing regattas and many power boat races to become involved in. There are also training classes for wannabe seafarers and you can learn how to be the captain of almost any vessel at evening courses run by various institutions.

Florida is also very ecologically minded, and for those of you interested in marine life and in preserving the environment, you will find Florida sympathetic to these causes.

One of the early states to encourage residents to go green, Florida introduced re-cycling over ten years ago!

Condo life offers advantages such as worry free home maintenance. Most people like the idea of never having to cut the lawn again! Even better than that is swimming in your pool everyday without having to check the Ph balance. Check HOA fees to see how they compare with other units in the market.

Be sure if you search for a condo that the common ‘rules’ suit you. For instance many have the noise rule and you must be quiet after ten at night!

About the Author

This article was written on behalf of Brevard County Florida real estate agent, Greg Ellingson. For information on buying a condo in the Melbourne Beach FL real estate market, visit Greg today at www.GregEllingson.com.

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