Florida Population Growth Returns to Normal Levels

After growth screeched to a halt during the recession, people are moving back to Florida.  Researchers project 192,091 new faces will arrive in Lee, Collier and Charlotte counties over the next seven years.  The coastal stretch is already home to an estimated 1.1 million people.

Lee County leads the way, growing 20.2 percent, twice the rate of Florida as a whole, to reach 773,500 people by 2020.  Collier will absorb 49,537 new residents and Charlotte 12,421.

The projections from the University of Florida are based on past growth. They’re a conservative estimate between the lowest and highest estimates. Population increases fuel economic development but also pose infrastructure and environmental challenges.

Waterfront property and activities are top selling points driving people to Florida.  Water, for drinking, swimming, fishing, but first of all for our natural habitat, is key to a healthy economy.

People move to Florida for a wide variety of reasons. It’s known as a place where they come to retire or start over, for instance. And as more arrive, housing inventory is being reduced and construction is picking up. That in turn attracts new residents. There is also no personal income tax in the state.

Florida lost a small percent of its population because of the recession. Now the state is on track to surpass New York this year if it hasn’t yet already. That would make it the third most populous state behind California and Texas.

Through 2020, Florida is projected to absorb some 1.9 million new people, pushing the population past 21.1 million.

For now growth is trending steadily upwards in Southwest Florida, albeit not at the breakneck pace seen in the early to mid-2000s. Cape Coral, the region’s most populous city, grew by 6,764 people between 2010 and 2013, UF estimates show. Nearly 160,000 reside in the Cape.

Many homebuyers are baby boomer retirees from the Midwest and Northeast, but a surprising number are younger.

But with all the growth, is Southwest Florida gearing up for another precarious real estate bubble? Lee County especially Lehigh Acres was often cited as a “ground zero” for the housing meltdown that preceded the recession. Many economic forecasters feel the region is going to see sustained growth in more of a normal market. As once vacant homes and properties left untended during the recession fill up it makes it a lot safer for the buyer.

 

Long-term population projections:

 

Charlotte County

2013: 163,679

2020: 176,100

Change: 12,421

Percent change: 7.6

 

Collier County

2013: 333,663

2020: 383,200

Change: 49,537

Percent change: 14.8

 

Lee County

2013: 643, 367

2020: 773,500

Change: 130,133

Percent change: 20.2

 

Palm Beach County

2013: 1,345,652

2020: 1,465,300

Change: 119,648

Percent change: 8.9

 

Florida

2013: 19,259,543

2020: 21,141,300

Change: 1,881,757

Percent change: 9.8

 

To learn more about the real estate market in SWFL contact a member of the Gratia Group team at (239) 333-2221.

Featured Property of the Week from Gratia Group: 2 Contiguous Lots in SW Cape Coral, FL

Gratia Group is happy to release a new Featured Property of the Week, 2 contiguous lots in sunny SW Cape Coral, FL.  This Cape Coral FL property for sale located at 2723 and 2727 SW 32nd Street Cape Coral, FL 33914 is in one of the most popular areas of the Cape for investment purchases.  This sunny lot is sure to sell fast!

Southwest Cape Coral is one of the most up and coming areas of Cape Coral and land and lots for sale in this area sell fast as development in the region is on the rise.  The SW Cape is home to make parks, schools and shopping making it a very hot area for families and couples.  Located just a short drive from the nightlife of downtown Cape Coral and Fort Myers, the area is quite a convenient choice for purchasing Cape Coral Fl land for sale.

To learn more about the Gratia Group Feature Property of the Week contact a member of the Gratia Group expert land sales team at (239) 222-3331.

Short Term vs. Long Term Land Investments

Investors looking to build a robust, dynamic portfolio of low-risk, high yield investments should consider buying land investments.  When deciding to purchase land an investor should ask themselves a few questions.  First, are you looking for a quick profit or do you want to make improvements on and use this property over several years?  Perhaps this is simply a moneymaking investment or maybe an investment for you and your family’s future?  Let’s look into the differences between investing in land for the short term versus the long term.

Purchasing investment land in the short term is less common and a little trickier than a long term investment, although it is possible. The pros to a quick flip are:

1) Cash in hand, and who doesn’t like that?

2) Using the money to make more investments (preferably in more land!).

3) Paying very little in property taxes, depending on how long the property is in your name.

Long term land investments are much more commonplace.  Some pros of holding onto your land investment include:

1) Securing the future of your family.  Land is a stable investment and can be passed down to future generations of family.

2) Using the land as a cash generator.  Some examples of ways to make money with your land are a vacation rental or agriculture (crops and/or livestock).

3) If you wait longer to sell the land, it’s likely the value will have increased even more than if you sold in the short term.  You will see the most increase in value if a big company offering many jobs has moved into the area or if the population has increased significantly over time.

4) Being able to make improvements on the land that will increase the value significantly.  The improvements can be simple, such as having the land surveyed, or more involved such as digging a well or building a house.

To purchase land for investment purposes contact a member of the Gratia Group Land Sales Team at (239) 333-2221.  Our large selection of Florida land for sale is waiting to be added to your investment portfolio!

Gratia Group Featured Lot of the Week: Freshwater 16 lot Package in Cape Coral

Investors, are you looking to make a splash in the Cape Coral real estate scene?  The Gratia Group Featured Lot of the Week is just for you!  This land package features 16 gorgeous, ready to build lots in sunny, tropical Cape Coral, Florida.  These Cape Coral lots for sale are situated on a wide, freshwater canal.  Priced at $10-12k below market value, this lot package is priced to sell and must be sold as a package with the buyer purchasing all available lots for sale.

Come invest in one of the hottest areas of Florida, Lee County.  The region is best known for world-class fishing, beaches and a warm sunny tropical lifestyle.  Cape Coral is a large family oriented community just minutes away from Fort Myers that offers beautiful parks and a wonderful school system.

To learn more about the Gratia Group Featured Lot of the Week contact a member of the Gratia Group Land Sales Team at (239) 333-2221.