Monday, August 25, 2008
WHO IS BUYING IN FLORIDA
According to the National Association of Realtors recent study, “2007 Profile of Florida Homebuyers and Sellers”, one in three Florida homebuyers is singe – 21% of 2007 new home purchases were made by single women and 12% by single men. 64% of the buyers had no children under age 18, but the median age of buyers was 43. For first time home buyers, 38% of 2007 home buyers, the median age was 32. 59% of homebuyers were married couples, 6% were unmarried couples. 18% were born outside the US. 27% bought new homes, 58% were detached single-family homes. Typical home had 1700 sq ft and was within 14 miles from their previous home. 98% of buyers ranked honesty and integrity as a “very important factor” when choosing a real estate agent. 90% of homebuyers financed their purchase. The report states that the typical home was on the market for 10 weeks and 33% of sellers did not lower their asking price before selling. Recent sellers typically sold their homes for 96% of the list price. 86% of home sellers reported that their home was listed or advertised on the internet. You can find the report at http://www.floridarealtors.org/LegislativeCenter/Research/index.cfm .