Florida Condo Sales Up

Florida Realtors have reported a 63 percent increase of statewide existing condo sales in March compared to the previous year's sales figure. Statewide year-to-year comparison shows 7,148 units sold in March 2010 compared to 4,387 sold the same time last year.

Even though the statewide median sales price was $96,000, down from the year-ago figure, it represented a 5.1 percent increase from February's median price.

Locally, in March 2010, 110 condos were sold in Brevard County compared to 94 in March of last year.

The Ocean Club Cocoa Beach, Three Fountains of Viera, and Villa Vista in Cocoa Beach were among a few complexes that had multiple closings in March.

This is all good news for Florida. Many out-of-town buyers are back to take advantage of the lower prices and to own a piece of Florida paradise.