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.