
Investors could make 46% profit if they sold today....
MIAMI – Dec. 16, 2014 – During the down real estate market, institutional investors – funds that purchased 10 or more single-family homes per year – bought 33,651 Florida property, according to a study by RealtyTrac. The key real estate question now is: When will they sell?
Properties they bought in Florida cities by number of institutional investors and potential current profit
Fort Walton Beach-Crestview-Destin: 200 properties, 46% return |
Naples-Marco Island: 547 properties, 41% return |
Jacksonville: 2,633 properties, 35% return |
Sarasota-Bradenton-Venice: 1,259 properties, 33% return |
Tampa-St. Petersburg-Clearwater: 5,410 properties, 33% return |
Miami-Fort Lauderdale-Pompano Beach: 12,952 properties, 31% return |
Ocala: 248 properties, 29% return |
Lakeland: 1,264 properties, 28% return |
Punta Gorda: 261 properties, 28% return |
Port St. Lucie: 782 properties, 25% return |
Palm Coast: 101 properties, 25% return |
Orlando-Kissimmee: 4,149 properties, 24% return |
Deltona-Daytona Beach-Ormond Beach: 686 properties, 24% return |
Pensacola-Ferry Pass-Brent: 195 properties, 22% return |
Panama City-Lynn Haven: 146 properties, 21% return |
Palm Bay-Melbourne-Titusville: 439 properties, 17% return |
Tallahassee: 194 properties, 14% return |
Cape Coral-Fort Myers: 1,673 properties, 10% return. |
The breakdown for closed sales in August 2014 was 698 single family homes and 277 condos sold, according to figures released by Florida Realtors®. Closings were up 5 percent from last month (July), when they hit 928, and up 1.8 percent from August 2013, when there were 957 closings.
“I continue to be impressed by the staying power of this market as we have now seen six months in a row with sales above or very near the 1,000 level,” said Sarasota Association of Realtors® President Peter Crowley. “If we remain at this peak activity, and I haven’t seen any indications of slowing down, we could see another historic year in 2014. "
Florida Realtors®
Florida, 2014.