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In fact, a number of factors conspire to make Floridasreal estatemarket sometimes as mercurial as the states weather.
Floridas real estate market can be volatile, thats a fact, said Mogado.
And that has resulted in many Florida cities enjoying a modicum of stability.
Here are six Florida towns that Morgado said make Florida one of thebest markets for long-term investment.
Morgado said Sarasota stands out for its stability in Floridas real estate market.
The county grew by more than 21% from 2010 to 2022, according toUSA Facts.
The area continues to be in high demand, especially among retirees and high-net-worth individuals, Morgado added.
Naples is also known for its golf courses, white sand beaches and water sports.
Its no surprise that the city holds its value.
Luxury and retirement destination Naples is still prospering, said Morgado.
Limited inventory and consistent demand from wealth migration out of thenortheast drive appreciation rates.
Fort Myers
Fort Myers represents a perfect blend ofaffordability and resilience, said Morgado.
The median sale price of under $400,000 offers an attractive avenue for younger families and retirees alike.
Orlando is a diverse and vibrant real estate market.
Orlando is one of the best examples of market stability, Morgado said.
Gainesville brings affordability and steady growth to Floridas real estate landscape.
The area also offers homeowners an attractive investment, Morgado shared.
Jacksonville represents a perfect balance between affordability and growth prospects, he said.
He added that, because of the citys developing infrastructure, investors favor it for long-term stability.
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