Cash Buyers Dominate Florida Condo Purchases
I just read a report over at the CoreLogic blog. Florida leads the country in cash purchases with 81.2% in January with Nevada close behind at 80.5%. See the full report here.
This report matches our experience in the Daytona Beach area. We see some investors, but we see more people are buying for retirement or as a second or vacation condo. Some people are buying for retirement a few years out and are renting the units in the meantime.
There’s a good selection of condos available in Daytona Beach at all price ranges. Check out our Daytona Beach Condos page to view available units by price.