Clarification of Answer by
29 Jun 2005 12:05 PDT
Dade City is considered to be central Florida.
I spoke to a rep from the Dade City Appraisers office, who said the
entire county and state has experienced rapid growth and rapid
appreciation. With low interest rates, and a booming population, he
said growth is probably accounting for 70% if not 80% of the price
increases. He said if prices start to fall nationwide, this area
would probably be one of the last to feel it.
I also spoke to several Dade City real estate agents listed below. I
had them attribute a comparative percentage in their estimation as to
why prices are high. All but two of them said that prices are high
due to actual growth. Of the two, one of them said speculation
represented 70% of the growth, and the other, about 50%.
All (except for one or two that I didn't ask), feel the prices are
going nowhere but up in the near future, and one realtor advised
jumping at the opportunity to purchase land only *IF* it's "high and
dry" (hilly and NOT wet). She advised calling the Assessor's office
to find out if that is the case with the property you're looking at.
Another said that there is statistically about 2% availability when it
comes to land in the area.
Notwithstanding the above, if you are investing nearly all of your
life's savings, I would still investigate having some sort of outside
analysis done due to the enormity of the risk involved. Please
remember that Google Answers is not an official substitute for
investment, financial, real estate, or related advice.
Assessor's Office recommends investigating the comprehensive growth
plan (comp plan) for the area you're looking into. You can start at
the Zoning Department for this info.
Britton & Associates Inc
14150 6th Street Suite C, Dade City, FL 33525
Proudly Serving Dade City
(727) 847-0774 (fax)
(866) 611-4300 (toll-free) Email: Pat Cahill@cahillrealestate.com
Century 21 Gavish Realty
Dade City, FL 33523
Dade City Realty
37911 Heather Place, Dade City, FL 33525
Kelly Realty & Associates Inc
37206 Clinton Avenue, Dade City, FL 33525