Florida property sales up again, survey shows

New research has indicated that sales of existing property in Florida have risen on a year-on-year basis for the seventh successive month.

The Florida Association of Realtors revealed that such sales totalled 13,085 in March 2009, 30 per cent more than the tally of 10,080 in the same month in 2008.

In addition to this, the March tally was up on February's total by 32.7 per cent.

Those keen to join this increase by investing in Florida property may also be interested in further figures from the association showing that the price of such homes has come down from an average of USD201,700 (GBP137,960) a year ago to $141,300.

Earlier this week it was revealed that Florida was one of the four states with the highest rates of metropolitan foreclosures in the first quarter of this year, the others being California, Arizona and Nevada.

The RealtyTrac study noted that these states accounted for the 26 worst-hit urban areas, which could mean widespread availability of foreclosed property bargains.

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