The percentage of buyers purchasing homes for the first time stands at 39 percent, while the percentage of first-time sellers is 34 percent.
Jupiter, Fla. (PRWEB) November 29, 2012
The National Association of Realtors has tracked the traits of homebuyers and homesellers this year and, in a recent report of its findings, said married couples have captured the largest share of both markets.
The report found those in wedded bliss account for 76 percent of the homeselling market and 65 percent of the homebuying market, with the latter figure is at its highest level since 2001.
Realtors at Waterfront Properties and Club Communities said they have witnessed the market trend in South Florida markets, where many couples take their honeymoons. South Florida – Palm Beach and Martin counties in particular – offers desirable oceanfront homes for sale and a year-round calendar of great weather, cultural events and entertainment.
The town of Jupiter and the village of Juno Beach, which are filled with luxury condominiums, including Jupiter by the Sea and Ocean Royale, boast beautiful beaches with offshore reefs perfect for snorkeling, diving and fishing. Boating opportunities abound, including paddling, sailing and annual powerboat races. It’s no wonder newlyweds are buying homes here.
The association report also has statistics on first-timers. The percentage of buyers purchasing homes for the first time stands at 39 percent, while the percentage of first-time sellers is 34 percent.
Other statistics in the report focus on salaries and earnings. The average annual income of homesellers is $95,400. In the south, which includes Waterfront Properties’ markets, the average annual income is $100,600.
As for homesellers, their average yearly earnings are $78,600 ($80,400 in the south).
The association also tracked the habits of buyers and sellers looking for a real-estate agent. Here’s what it concluded: Both buyers (40 percent) and sellers (38 percent) predominantly hired Realtors through referrals from their friends and relatives. Buyers hired agents based on their ability to negotiate prices and sales terms, while sellers looked for agents who could close the deal within a targeted timeframe and market their home to potential buyers.
In all, 89 percent of all homebuyers employed real-estate agents in 2012, compared with 69 percent in 2001.