Retiring? Wanting to move to a warmer climate? Relocating for business? There are many reasons to search for Florida land for sale. Florida, nicknamed the ‘Sunshine State’, is at the furthest southeast corner of the United States with most of its area, a peninsula, jutting out into the Gulf of Mexico. It gets its nickname from is warm sub-tropical to tropical climate and sunny days but it is also the lightening capital of the United States.
Florida is home to approximately 18.3 million people, the 4th highest in the US, with a large portion living in Jacksonville (its most populous), Miami (its largest central business district), and its capital Tallahassee. Florida boasts the 4th largest economy in the United States with a GDP of $734.5 billion in 2007. The average income is approximately $38,000 putting them at 24th in the nation. Some of the larger industries in Florida include aerospace, phosphate mining and military. Currently there are 24 military base with over 110,000 personnel who contribute around $52 billion to the economy.
Real estate in Florida was hit hard in 2009. In the third quarter of 2009, there were 278,189 delinquent loans and 80,327 foreclosures but sales of existing homes for February 2010 was 11,890, up 21% from the same month in 2009. There were approximately 300,000 vacant homes in 2009, many of which were going to auction for unheard of prices. Some auctions were starting a $1. If you have the cash you can scoop up some great real estate bargains! Type ‘Florida land for sale’ into your favorite search engine and you will be amazed by the deals you will find!