Businesses Sold Analysis

Sale Price Range:  $10,000 – $400,000

Sold Price/Adjusted Net Average:  1.28

Average DOM 176

Housing Sold Analysis

Sale Price Range:  $1,000 to $2,250,000

Average Sale Price/SqFt:  $83.65

Average DOM 111

Florida House approved a series of tax breaks, increasing the corporate-income tax exemption on businesses from $25,000 to $50,000. Gov. Rick Scott said it was “a huge victory” for Floridians, and would help businesses create more jobs.          UPDATE 3.9.12 Florida Senate voted to put this tax break on the fall ballot because local governments balked.

University of Florida:  Consumer confidence among Floridians drops again in March two points   to 74 down from February. This repeats the trend seen last year. If this holds to last year, confidence will keep falling through August.

Recent economic and real estate factors indicate that most of the Sunbelt geographies have already hit their cyclical lows and during the next 6 to 12 months are likely to surpass national growth rates this according to a special office report issued by Jones Lang LaSalle. Notably the hardest hit in Florida is Tampa Bay.

Many entrepreneurs “love what they are doing and don’t see the point of retiring” says Patricia Greene, Entrepreneurial Studies at Babson College. Exit planning is essential in the new norm knowing when to use it is the key.

Businesses Sold Analysis

Sale Price Range:  $99,000 – $170,000

Sold Price/Adjusted Net Average:  1.51

Average DOM 158

Housing Sold Analysis

Sale Price Range:  $5,000 to $1,800,000

Average Sale Price/SqFt:  $80.27

Average DOM 108

Florida House approved a series of tax breaks, increasing the corporate-income tax exemption on businesses from $25,000 to $50,000. Gov. Rick Scott said it was “a huge victory” for Floridians, and would help businesses create more jobs.

University of Florida:  Consumer confidence among Floridians dropped one point in February to 76 from January. This modest decline follows two months of rising levels of confidence in the economy.

According to real estate search engine Trulia, “House hunters near and far eye Florida real estate”. Baby-boomers who plan to retire see Florida as America’s retirement capital.

Zillow’s home- value forecast predicts a drop of 4.6% this year (2012) in the Tampa Bay housing market. Yale University economist Robert Shiller said the housing market “might be on the verge of recovery” but “might not”.

Businesses Sold Analysis

Sale Price Range:  $25,000 – $500,000

Sold Price/Adjusted Net Average:  2.169

Average DOM 255

Housing Sold Analysis

Sale Price Range:  $5,000 to $1,865,000

Average Sale Price/SqFt:  $100.68

Average DOM 126

Florida ranked #5 in states for taxes on business according to the Tax Foundation’s State Business Tax Climate Index.

University of Florida:  Florida consumer confidence index surges 7 points in January 2012. It does appear that the economy maybe slowing from the 4^th quarter of 2011 to the first quart of 2012. While Florida trends are now doing better then the national trends.

Case-Shiller reports home prices in Tampa are especially low and Economists say home prices are likely to begin rising first in hard-hit Florida.

Mason-Dixon Poll:  18 percent of baby boomers mentioned Florida as a top relocation destination. One third of baby boomers are open to moving across state lines to find assets.

Florida highlights

Warm year-round climate is important to 85.5 percent of baby boomers.

Beaches or ocean nearby is important to 60 percent.

58 percent plan to buy a home in their relocation destination.

Attracting 0.3 percent of the baby boomers to our area is estimated to add 1 billion dollars per year in new economic income through jobs and new business.