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The Top 3 Hottest Real Estate Markets for 2017 Are in Florida

Scorpio

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The Top 3 Hottest Real Estate Markets for 2017 Are in Florida

Lauren Phillips,Coastal Living Wed, Mar 22 4:45 PM PDT



Trulia recently published its list of the 10 hottest real estate markets to watch in 2017, and-no surprise-several coastal markets made the list. Trulia based its ranking of the 100 largest metro areas across the country on five criteria: a high search interest, a decreasing rate of vacancy, high affordability, a high rate of job growth, and a high population of people happy with the outcome of the presidential election.

The “hottest” markets vary depending on who you talk to-Zillow’s ranking of the hottest markets of the year looked very different. But if you’re looking for coastal real estate in an affordable city that has few people moving out of it, this list of the hottest coastal markets of 2017 might offer some suggestions. If you’re looking to capitalize on the recovering housing market and purchase your dream coastal escape, consider these hot markets:

1. JACKSONVILLE, FLORIDA
Number one overall and number one on the coastal list, Jacksonville has a high rate of job growth and high interest from out-of-towners looking to move there. Best of all, it’s more affordable than other, similar markets in the state.

2. CAPE CORAL-FORT MYERS, FLORIDA
Coming in at number two both overall and for coastal metro areas, the Cape Coral-Fort Myers area on Florida’s Gulf Coast has the fourth-highest rate of job growth in the country and a falling vacancy rate as people flock to its sunny shores.

3. DELTONA-DAYTONA BEACH-ORMOND BEACH, FLORIDA
Number three for coastal areas and number three overall on Trulia’s list, this area on Florida’s Atlantic side has a rate of job growth to match the Cape Coral-Fort Myers area and a great ratio of people looking to move there vs. people looking to move away-not to mention its long, sunny days and high temperatures year-round.

4. TAMPA-ST. PETERSBURG-CLEARWATER, FLORIDA
The Tampa-St. Petersburg-Clearwater metro area is on the Tampa Bay, on Florida’s Gulf side. It came in at five overall but is number four for coastal areas, with great job growth and affordability.

5. CHARLESTON-NORTH CHARLESTON, SOUTH CAROLINA
Charleston has been in the spotlight as a tourist hotspot so much lately that it’s not surprising that it’s also a great place to move. Ranked number seven overall and number five for coastal areas, this Lowcountry port city has a huge number of people looking to move there (while few are looking to move away), good affordability, and decent job growth-and an amazing culinary scene.

The next five coastal cities share the previous five’s high interest, good affordability, and job growth. Read on for the next best coastal areas to live:

6. NORTH PORT-SARASOTA-BRADENTON, FLORIDA

7. WEST PALM BEACH-BOCA RATON-DELRAY BEACH, FLORIDA

8. FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FLORIDA

9. NEW ORLEANS-METAIRIE, LOUISIANA

10. SAN DIEGO-CARLSBAD, CALIFORNIA

https://www.yahoo.com/news/top-3-hottest-real-estate-172706544.html
 

nickndfl

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Instead of Jacksonville I recommend St. Augustine next door. Much nicer. Cape Coral is full of old people. Ft. Myers is slightly younger and I was just there a couple of weeks ago. It's getting very busy. Tampa, St. Pete, Clearwater, you can keep them all. The only decent place is right on the gulf or North Tampa inland. The rest of the area is congested, dirty crap.

North Port is just south of Sarasota & Bradenton. It's the least developed out of all of those mentioned above. Taxes are cheap and services are scarce. Think well water and septic tanks. Crappy roads. Sarasota is my favorite on the west coast. Siesta Key is rated the #1 beach in CONUS. East Bradenton is nice, it's all new gated communities. West, toward US 41 and the gulf it's trashy and congested.

West Palm, Boca-Delray is one of the nicest areas in the USA. Jupiter, just to the north and not mentioned is a little bit nicer and home to Burt Reynolds. Can't go wrong buying house here.

I live just to the north because the taxes and property values are 25+% more than Port St. Lucie. This market feeds off the WPB market because we get so many transplants from there.

Miami is also very busy with new construction. The boom is back.
 

97guns

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i just got back from Vegas and the RE markety there is going crazy, model homes and new starts everywhere, billboards adverstising new housing tracks. i played poker at 3 different tables and talk of RE was at all of them, investors and homeowners, felt like i was in a bubble
 

nickndfl

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Vegas is boom or bust too. In the past, Florida real estate would bust with a hurricane landing. Now, sometimes hundreds of millions to a billion $ of insurance $ injected into a located economy combined with a housing shortage caused by a massive storm causes its own boom.
 

the_shootist

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Remember this....real estate comes down to a section of dirt you will always owe taxes on. You will never actually 'own' it
 

nickndfl

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Remember this....real estate comes down to a section of dirt you will always owe taxes on. You will never actually 'own' it
You can virtually knock the taxes down to almost nothing if you buy a piece zoned for housing and agriculture. Throw a couple of cows on it and the taxes are a couple hundred $ annually on a few acres. Expect well water and septic tanks and very little service, but then again you aren't paying for any.
 

97guns

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That's why landlording is so lucrative, tenants absorb/pay for your taxes and then you take the deduction at the end of the year
 

nickndfl

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That's why landlording is so lucrative, tenants absorb/pay for your taxes and then you take the deduction at the end of the year

But remind everybody that landlords earn every penny too. I knew a guy who owned 2 duplexes, lived in one 2/2 unit and rented out the other three. He wasn't getting rich, but he didn't work either. He was getting $750 per unit 12 years ago. I imagine each is renting for at least $1k now and those properties are probably $400k for each duplex.