Compare by CANADIAN province

Property Value :
Property Type:
Country:
City   :
State/Province :
Best Commission Rate

Florida

The state of Florida is a peninsula which is situated at the bottom of the east coast of the United States. On the state's west coast is the Gulf of Mexico, and on the east coast is the Atlantic Ocean. Florida is one of the largest states in the country, with the fourth largest population across sixty-seven counties. Florida is the eighth-most densely populated state and is very diverse. The largest city by border is Jacksonville and the largest metropolitan area is Miami. Orlando is in the center of the peninsula and is one of the most visited cities in the country.

General Market Conditions of Florida Real Estate

Currently, the real estate market in Florida is on the rise, with Orlando being one of the most active in new construction of both residential and commercial properties; the median list price in Orlando is $189,900. The three other most active areas are Tampa Bay, with a median list price of $169,500, Fort Lauderdale, with a median list price of $189,900, and Miami at $285,000. The most expensive markets in the state are on the east coast, being West Palm Beach and Jupiter, while the least expensive areas are in the central region away from the coasts.

Geography

The geography of the state of Florida is flat, with some hill regions. Florida is most known for its beaches. There are 1,197 statute miles of coastline, 2,276 statute miles of tidal shoreline and 663 miles of beach. The northern and central parts of the state are rife with woodland, while the coastal cities are simultaneously island tropic and metropolitan. It's one of the few states to be in two US time zones; the majority of the peninsula lies in the Eastern Time Zone, while a portion of the northwestern panhandle is in the Central Time Zone.

Climate

The majority of the state of Florida is in a humid subtropical, while the coastlines, including the Keys, are inside a tropical climate. Summers are hot and humid, while winters are mild and dry. Daytime highs during the months between May and late October to late November climb into the upper eighties to low nineties, with overnight lows in the mid seventies. During December through February daytime highs range from the mid fifties up into the low seventies, with overnight lows dipping into the forties to near or below freezing.

Demographics

Florida has a population of approximately 19 million, according to the latest figures compiled by the US Census Bureau. The demographics of the peninsula are : 75.0 percent white, Hispanic and Latinos are 22.5 percent, 16.0 percent black, 3.6 percent from some other race, 2.5 percent multiracial, 2.4 percent Asian 0.4 percent American Indian and Alaska Native, and 0.1 percent Native Hawaiian and Pacific Islander.

Main Attractions

Florida is most noted for its beaches, with Coco Beach and Clearwater Beach being two of the most popular for visitors. Popular destinations in the state are Miami and the Florida Keys for the tropical island environments, Orlando for its theme parks, and Tampa Bay for its beaches.

Economy

Florida has Gross Domestic Product or GDP of approximately $755 billion with the largest industries being agriculture such as beef, sugar, phosphate, and citrus. Space exploration accounts for $4.1 billion and university research makes up $500 million. Other contributors are hospitality, themed attractions, military, and tourism. The state attracts in excess of 87 million visitors per year, contributing $67 billion to its state economy, the largest sector of the growth.