PALM COAST RANKED 10TH BEST PLACE TO BUY A HOME

It’s hard to imagine Florida not being one of the most desirable places to live or own a second home. The continued tough economic downturn and extended real estate market declines have not dampened the attraction of the Sunshine state.

The past three exceptionally harsh winters in the Northeast and Midwest make Florida’s climate, beaches and lack of a state income tax even more appealing.  According to Grand Haven Realty Broker Sterling Colee it is becoming evident that pent-up demand for a relocation is growing among active adults.

“We’ve seen a strong increase in visitors to the website and at our information center this year,” Colee said. “And what folks are saying is they are tired of putting off their plans to move to Florida.”

The noted Case Shiller Index recently ranked the best 15 cities to buy a house in the next five years.  According to the Index, Palm Coast is ranked 10th. Although they don’t predict a return to positive ground (see our recent post about Grand Haven already seeing price appreciation this year) for Palm Coast real estate until 2012, their note is that it will be “a stunner with a year of 15.2% growth.”  Read the their prediction on Palm Coast here. Get more on the story and the complete list of the top 15 cities in this article at the BusinessInsider.com.

Jim Cullis, President of Grand Haven Realty is not surprised that six of the cities on the Index list are in Florida. “The current prices on lots and home sites will never get better than right now. This buyer’s market is not going to last forever in Florida and I think the Case Shiller prediction for Palm Coast is right on the mark.”

Many Grand Haven builders have recently announced new incentives for the summer buying season says Colee. More information can be found on the Grand Haven website or by contacting the Grand Haven Information Center at (800) 957-0213.