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FLORIDA REAL ESTATE ACTIVITY UP

 FLORIDA REAL ESTATE ACTIVITY UP
 ORLANDO, Fla., May 6 /PRNewswire/ -- Florida real estate activity


rebounded during the first quarter of 1992 with existing single-family sales up 12 percent over the first quarter of 1991, according to the Florida Association of Realtors (FAR). Also, single-family housing starts were up 35 percent and multi-family starts improved in nine metro areas.
 Median sales prices were stable for single-family existing homes. The value of single-family homes and the size of homes purchased statewide did not change substantially from the first quarter of 1991. This may indicate a slowing of the trend of the displacement of middle management families.
 FAR President-Elect Dale Jundt added that, "statewide there are two metropolitan statistical areas notable for increased existing single-family home sales, single-family starts and multi-family starts. Those two MSAs are Tampa-St. Petersburg-Clearwater and Fort Lauderdale-Pompano Beach."
 The Florida Association of Realtors, the voice for real estate, provides programs, services, ongoing education, research and legislative representation to its 70,000 members in 87 local boards/associations throughout Florida. FAR headquarters are located at 7025 Augusta National Drive in Orlando. For additional information, call FAR at 407-438-1400.
 SEASONALLY ADJUSTED ANNUALIZED SALES ACTIVITY
 FOR SINGLE-FAMILY EXISTING HOMES
 Pct.
 Change
 1992
 qrt 1
 vs.
 1991 1991 1991 1991 1992 1991
 Metro Areas qrt 1 qrt 2 qrt 3 qrt 4 qrt 1 qrt 1
 Ocala 1,500 2,500 1,900 2,300 2,000 33
 Fort Lauderdale-
 Hollywood-
 Pompano-
 Beach 9,900 11,600 11,500 11,600 12,700 28
 Melbourne-
 Titusville-
 Palm Bay 7,600 7,700 8,900 9,000 9,100 20
 Fort Myers-
 Cape Coral 5,700 6,400 6,200 6,500 6,700 18
 Daytona Beach 6,600 7,300 6,800 6,800 7,400 12
 Naples 900 900 1,000 800 1,000 11
 West Palm Beach-
 Boca Raton-
 Delray Beach 8,200 10,400 8,900 8,000 9,000 10
 Tampa-
 St. Petersburg-
 Clearwater 40,300 43,600 39,900 41,500 43,700 8
 Miami-Hialeah 10,700 13,700 13,000 11,700 11,300 6
 Sarasota 5,400 5,400 5,100 5,200 5,700 6
 Fort Pierce 3,000 3,300 3,000 3,200 3,000 0
 Tallahassee 800 1,200 800 600 800 0
 Orlando 24,800 26,600 23,300 22,200 24,000 -3
 Jacksonville 9,700 10,100 7,700 7,100 8,100 -16
 Source: Florida Association of Realtors
 MEDIAN SALES PRICE FOR SINGLE-FAMILY EXISTING HOMES
 Pct.
 Change
 1992
 qrt 1
 vs.
 1991 1991 1991 1991 1992 1991
 Metro Areas qrt 1 qrt 2 qrt 3 qrt 4 qrt 1 qrt 1
 Naples 138,200 181,700 171,300 140,000 154,500 12
 Gainesville 69,000 76,300 76,900 76,000 75,600 10
 Sarasota 86,300 91,100 98,100 92,500 94,200 9
 Miami-Hialeah 91,000 96,000 100,500 98,300 98,800 9
 West Palm Beach-
 Boca Raton-
 Delray Beach 106,300 116,500 127,800 115,700 112,900 6
 Fort Lauderdale-
 Hollywood-
 Pompano Beach 90,200 99,200 98,500 96,300 94,500 5
 Daytona Beach 60,800 70,000 69,600 66,800 63,600 5
 Orlando 83,100 86,100 90,200 86,400 86,600 4
 Tampa-St.
 Petersburg-
 Clearwater 66,900 71,700 73,700 70,300 69,700 4
 Tallahassee 80,000 84,800 84,400 94,000 83,000 4
 Jacksonville 74,600 75,000 79,000 77,200 77,100 3
 Lakeland-
 Winter Haven 62,300 65,400 68,400 64,400 63,800 2
 Fort Myers-
 Cape Coral 82,500 82,800 84,200 77,800 83,400 1
 Melbourne-
 Titusville-
 Palm Bay 72,000 73,400 73,000 73,900 72,200 0
 Pensacola 64,300 63,100 68,700 62,800 63,500 -1
 Ocala 53,600 56,700 60,600 54,600 51,800 -3
 Fort Pierce 80,000 81,300 84,800 79,700 74,900 -6
 Source: Florida Association of Realtors
 METRO AREAS SHOWING SUBSTANTIAL INCREASES
 Existing
 Single- Single- Multi-
 family family family
 Sales Starts Starts
 Fort Lauderdale-
 Hollywood-
 Pompano Beach 14 pct. 46 pct. 12 pct.
 Tampa-St.
 Petersburg-
 Clearwater 27 pct. 63 pct. 11 pct.
 Source: Florida Association of Realtors
 -0- 5/6/92
 /NOTE TO EDITOR: This release may be used in tandem with today's National Association of Realtors' release./
 /CONTACT: Jeff Zipper, vice president-communications & marketing of Florida Association of Realtors, 407-438-1400, ext. 2314/ CO: Florida Association of Realtors ST: Florida IN: SU:


JB-AW-AH -- FL006 -- 7171 05/06/92 14:25 EDT
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Date:May 6, 1992
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