Cash Is King In Florida Real Estate
CBS
(photo credit: Thinkstock)
MIAMI (CBSMiami/AP) – When it comes to buying a house or condo in Florida, cash
 is king.
Almost two-thirds of Florida housing sales in the first quarter of this year were done in cash, according to the study by the research firm RealtyTrac.
That is the highest rate in the nation and well above the national average of 42.7 percent.
Five Florida metro areas also had the nation’s highestrates of cash sales. Those areas were Miami, Cape Coral-Fort Myers, Sarasota, Palm Bay and Lakeland.
Daren Blomquist of RealtyTrac says the high rates of cash sales show that investors are still finding Florida popular.
Although the percentage of institutional investorshas declined from the end of 2013, mom-and-pop investors and foreign investors are still finding Florida attractive.
Back to Blog
-
UPS PICKS UP MIAMI DEVELOPMENT SITE FOR DISTRIBUTION WAREHOUSE: $31M
The Real Deal by Katherine Kallergis Prologis has sold a 43-acre development site west of Miami International Airport to UPS for $31 million. Records show UPS paid about $16 a foot for the property at 13200 Northwest 17th Street, which is slated to become a distribution warehouse. The land is approved for up to 5.3 […]
Read more -
DOUGLAS ELLIMAN RELEASES EXCLUSIVE 1ST QUARTER 2021 ELLIMAN REPORT FOR THE MIAMI, BOCA RATON, FORT LAUDERDALE, AND PALM BEACH MARKETS
It is with great pleasure that I share with you the just released first quarter 2021 “Elliman Reports” for the Florida sales markets, the leading resource on the state of these markets. Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and objective market insight available. Boca Raton/Highland Beach’s brisk market conditions […]
Read more -
DOUGLAS ELLIMAN RELEASES EXCLUSIVE 4TH QUARTER 2020 ELLIMAN REPORT FOR THE MIAMI, BOCA RATON, FORT LAUDERDALE, AND PALM BEACH MARKETS
It is with great pleasure that I share with you the just released fourth quarter 2020 “Elliman Reports” for the Florida sales markets, the leading resource on the state of these markets. Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and objective market insight available. Sales in Boca Raton/Highland Beach rose sharply higher […]
Read more -
DOUGLAS ELLIMAN RELEASES EXCLUSIVE 3RD QUARTER 2020 ELLIMAN REPORT FOR THE MIAMI, BOCA RATON, FORT LAUDERDALE, AND PALM BEACH MARKETS
It is with great pleasure that I share with you the just released third quarter 2020 “Elliman Reports” for the Florida sales markets, the leading resource on the state of these markets. Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and objective market insight available. Sales in Boca Raton/Highland […]
Read more
