The competitive market came from residents putting their home up for sale in the hopes of making some quick money. This is the Florida real estate market that is still present today.



Because the Florida real estate market slowed, these means it has achieved a balance between supply and demand and has become more orderly. While homes are taking longer to sell, the seller will usually get the asking price or about 95 percent of it.

The seller may have to wait longer and there will not be as any buyers clamoring for the property as during the boom. Also, there are still a good number of unsold homes in every price range, so buyers still have their pick.

"Buy and Sit for Profit" has become the new way to invest in real estate in Florida. It has replaced the "Buy and Flip for Profit" mindset during the time of the boom. This is because the market is leveling out.

So if you are looking to invest in Florida real estate, here are a couple of good places to check.

Disney World is located in Orlando, which makes this an instant hot spot. There are also other resorts and theme parks in the area. A lot of real estate investors will buy homes that need a little bit of work then flip them quickly for a profit. Also, pre-construction is hot in this area as well.

Another favorite is Broward County real estate. Its median income families are not able to afford its median price. Also, with Forth Lauderdale's outdoor lifestyles, investors are finding this area very favorable as well. The Everglades National Park in this same area, along with beaches and other relaxing areas is one of the reasons why.

Downtown Fort Lauderdale is home to a new residential condominium building of five thousand unites. However, because there is an overflow in that market, some of the condos may have to be sold below market value. People who are looking to own their own place, condo conversions are a great way to do this. Because of incentives from developers, $128,693 was the average price of a home in the early part of 2006

Miami has fairly consistent returns for investors. This is because of the sandy beaches and tepid water, not to mention the nightlife that includes an almost endless supply of restaurants of every kind.

For a more laid back lifestyle, Panama City, in contrast to Orland and Miami, is where you want to look. There are still things to do in Panama City, such as zoos and water parks. The pre-construction opportunities are still large in Florida real estate and make this area a unique place to invest.

A relatively new 'hot spot' in Florida real estate is Biloxi. It offers a wide variety of activities for the outdoor type and has changed from essentially a large retirement village to a place that welcomes the younger generation for parasailing, jet skiing, scuba diving and the like. When Hurricane Katrina came thru, the riverboat gambling sector was basically wiped out. Now pre-construction of casinos and investment property has taken its place.

The new casino industry will be a beacon to people looking for gambling and nightlife, but a little smaller than Las Vegas.

For vacationers who are looking for mountains and other scenic places, like in Virginia, Florida will not disappoint. In these areas, real estate centers on hiking, rafting, skiing and other types of activities. Homes are historical in these areas and include plantation homes as well as new, modern condominiums.

During the years 2003 to 2006, Florida real estate in Palm Beach County more than doubled. Median income families found it hard to buy in this area because the median price of real estate was around $400,000. Of course, other areas that are highly desirable, such as Lake Worth and Highland beach, reach prices from $1 million to more than $5 million!

With all these reasons, it is easy to see why Florida real estate is so hot. It is one of the fastest growing states.

Summary:

Florida real estate offers so many options from casinos and a hopping nightlife to the more subdued Panama Beach, which is catering more to the outdoor orientated vacationer.