{"id":79343,"date":"2025-02-24T05:30:03","date_gmt":"2025-02-24T13:30:03","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79343"},"modified":"2025-02-28T10:16:24","modified_gmt":"2025-02-28T18:16:24","slug":"florida-condo-prices-rise-inland","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/florida-condo-prices-rise-inland\/","title":{"rendered":"Florida Condo Prices Are Holding Up Best Away From the Coast"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Condo prices are up 5% year over year in inland Florida, but down a respective 5% and 3% on Florida\u2019s Gulf Coast and Atlantic Coast.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Inland Florida tends to have newer condos, which haven&#8217;t yet had to comply with new rules that have driven up HOA fees elsewhere in the state. It also has less natural-disaster risk and lower insurance costs.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Florida\u2019s housing market has been <\/span><a href=\"https:\/\/www.redfin.com\/news\/florida-home-sales-fall-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">slowing<\/span><\/a><span style=\"font-weight: 400;\"> amid skyrocketing <\/span><a href=\"https:\/\/www.redfin.com\/news\/home-insurance-survey-report-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">insurance<\/span><\/a><span style=\"font-weight: 400;\"> costs, intensifying natural disasters and rising inventory. The state\u2019s condo market is enduring an especially severe downturn after a new law led to a surge in <\/span><a href=\"https:\/\/www.redfin.com\/news\/hoa-fees-surge-florida-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">HOA<\/span><\/a><span style=\"font-weight: 400;\"> fees and special assessments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But there\u2019s one part of the state where condo prices are holding up relatively well: inland Florida.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The median condo sale price in Inland Florida rose 5.4% year over year on average in January, compared with a 4.8% decrease on Florida\u2019s Gulf Coast and a 3% drop on the Atlantic Coast. Inland Florida\u2019s condo prices rose even more than its single-family home prices, which climbed 3.7%.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-79344\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_price_growth-1-1024x796.png\" alt=\"\" width=\"800\" height=\"622\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_price_growth-1-1024x796.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_price_growth-1-300x233.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_price_growth-1-768x597.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_price_growth-1-1536x1195.png 1536w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_price_growth-1.png 1543w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This is based on a Redfin analysis of MLS data in Florida metro areas where condos make up at least 5% of housing stock. For the purposes of this report, inland Florida includes the Gainesville, Lakeland, Ocala, Orlando and Tallahassee metros. The Atlantic Coast includes Deltona-Daytona Beach, Fort Lauderdale, Jacksonville, Key West, Miami, Palm Bay, Port St. Lucie, Sebastian and West Palm Beach. The Gulf Coast includes Cape Coral, Crestview, Homosassa Springs, Naples, North Port-Sarasota, Panama City, Pensacola, Punta Gorda and Tampa. Scroll to the bottom for a full breakdown of metro data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cInsurance is much cheaper inland than on the coast, which leads to lower HOA fees and more affordable monthly payments for condo owners,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/christopher-maggart\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Christopher Maggart<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin sales manager covering Orlando. \u201cCondo buildings in central Florida also tend to be newer and up to date with recent regulations. The condo buildings here that <\/span><i><span style=\"font-weight: 400;\">are<\/span><\/i><span style=\"font-weight: 400;\"> older than 30 years tend to be no taller than two stories, so they\u2019re not required to go through the inspections that often drive up HOA dues.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">HOA dues have surged across Florida in recent years, making it more difficult to find condo buildings with low fees and upping interest in the ones that do. That\u2019s partly due to intensifying natural disasters and rising insurance costs. Additionally, the 2021 collapse of a 12-story condo building in Surfside, FL, which killed nearly 100 people, led to tightened regulations. Florida in 2022 signed into law Senate Bill <\/span><a href=\"https:\/\/www.flsenate.gov\/Committees\/BillSummaries\/2022D\/html\/2875\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">4-D<\/span><\/a><span style=\"font-weight: 400;\">, which requires structural inspections for condo buildings that are at least three stories once they turn 30 years old (or 25 years old if they\u2019re within three miles of a coastline). It also requires buildings that are at least three stories to make sure they have enough reserve funds for future repairs and maintenance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many homeowners associations have been hiking fees and doling out hefty special assessments to comply with the new safety regulations, which had a deadline of Dec. 31.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s worth noting that while condo prices are rising in three of the five inland Florida metros Redfin analyzed (Gainesville, Lakeland and Orlando), they\u2019re rising slower than before. In Orlando, condo prices dropped to a low last January, which may be contributing to this January\u2019s gain (+4% YoY to $208,500).\u00a0<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-UNhzv\" style=\"border: none;\" title=\"Orlando Condo Prices Rise, But More Slowly Than Before\" src=\"https:\/\/datawrapper.dwcdn.net\/UNhzv\/2\/\" width=\"600\" height=\"422\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><\/p>\n<h3><strong>Inland Florida Has Lower HOA Fees and Less Disaster Risk, Which May Be Buoying Prices<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Tallahassee has a median monthly HOA fee of $250\u2014the lowest among the 23 metros Redfin analyzed. Next come two other inland Florida metros: Ocala ($300) and Gainesville ($346). It\u2019s worth noting that while inland Florida has the lowest HOA dues, those dues have been rising quickly. In Tallahassee, for example, the median HOA fee rose 25% year over year in January\u2014more than any other metro Redfin analyzed except Lakeland, which is also inland and saw a 27.6% increase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, $250 may seem affordable to buyers coming from, say, Miami, where the typical HOA fee is $965.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-79345\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/hoafees_timeseries-1-1024x683.png\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/hoafees_timeseries-1-1024x683.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/hoafees_timeseries-1-300x200.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/hoafees_timeseries-1-768x512.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/hoafees_timeseries-1-1536x1024.png 1536w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/hoafees_timeseries-1-2048x1365.png 2048w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/hoafees_timeseries-1.png 1800w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Inland Florida has relatively low HOA dues in part because these fees are typically correlated with property values, and inland Florida has more affordable housing than coastal Florida. But it\u2019s also likely because the region faces lower risk from natural disasters. Just 4.8% of condos on the market in inland Florida face high flood risk, compared with 59.4% on the Gulf Coast and 45.7% on the Atlantic Coast.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Take Key West, for example. The coastal metro has both the highest median HOA fee ($1,063) and the highest flood risk (81.1% of condos on the market face high risk) among the metros Redfin analyzed. It includes the island city of Key West, which is part of an archipelago (the Florida Keys).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other end of the spectrum is inland Tallahassee, which has the lowest HOA fees ($250) and the lowest flood risk (0.9% of condo listings face high risk).<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-79346\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_floodrisk_inv-3-1024x796.png\" alt=\"\" width=\"800\" height=\"622\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_floodrisk_inv-3-1024x796.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_floodrisk_inv-3-300x233.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_floodrisk_inv-3-768x597.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_floodrisk_inv-3-1536x1195.png 1536w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_floodrisk_inv-3.png 1543w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">\u201cA lot of homeowners associations on the coast are still paying for hurricane damage that happened years ago. Take Daytona Beach\u2014many of the buildings there are still working to fix seawalls and amenities destroyed by Hurricane Ian in 2022,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/juancastro\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Juan Castro<\/span><\/a><span style=\"font-weight: 400;\">, a <\/span><a href=\"https:\/\/www.redfin.com\/premier\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin Premier<\/span><\/a><span style=\"font-weight: 400;\"> real estate agent in Orlando. \u201cThe condos in Orlando are newer, more resilient and 50 miles away from where storms typically hit.\u201d<\/span><\/p>\n<h3><strong>Inland Florida Has a Higher Share of New (and Low-Rise) Condo Buildings, Which May Be Buoying Prices<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Less than half (47.7%) of condo inventory in inland Florida is over 30 years old. By comparison, more than half is over 30 years old on the Gulf Coast (57.1%) and the Atlantic Coast (71%).<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-79347\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_age_ofstock-2-1024x796.png\" alt=\"\" width=\"800\" height=\"622\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_age_ofstock-2-1024x796.png 1024w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_age_ofstock-2-300x233.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_age_ofstock-2-768x597.png 768w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_age_ofstock-2-1536x1195.png 1536w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/02\/regional_age_ofstock-2.png 1543w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This means many condos in inland Florida haven\u2019t yet had to pay for inspections and are better protected against natural disasters. But if they\u2019re over two stories, they may have to pay for inspections soon.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A lot of condo towers in Orlando were built in the early 2000s, meaning that in the coming years, many will have to start thinking about their 30-year inspections, which can cost homeowners associations hundreds of thousands of dollars, Castro said. HOA dues are already rising across inland Florida in part because many condo towers have had to increase their reserves under the new law. For these reasons, some owners are putting their condos up for sale now, which is one reason inventory is surging.<\/span><\/p>\n<h3><strong>Inland Florida Has Seen the Biggest Gain in Condo Inventory, Biggest Drop in Sales<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">T<\/span><span style=\"font-weight: 400;\">he inventory of condos for sale jumped 37.5% year over year in inland Florida last month, compared with a 27% gain on the Atlantic Coast and a 19.2% increase on the Gulf Coast.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThere are 25 active listings in one downtown Orlando condo building right now, and only four are under contract. The HOA fee for a $335,000 one-bed, one-bath listing runs $774 a month, which is a lot in this area,\u201d Castro said. \u201cCondo owners are trying to sell because HOA fees are rising, but a lot of house hunters aren\u2019t biting for that same reason.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Condo sales across inland Florida fell 15.9% year over year in January, compared with a 7.8% drop on the Gulf Coast and a 6.9% decline on the Atlantic Coast. The single-family home market is holding up much better, with sales falling just 2.1% in inland Florida, and <\/span><i><span style=\"font-weight: 400;\">rising <\/span><\/i><span style=\"font-weight: 400;\">a respective 7.3% and 2.5% on the Gulf Coast and Atlantic Coast.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBuyers have so many options that they\u2019re overwhelmed,\u201d Castro said. \u201cA lot of condos just aren\u2019t selling. They\u2019ll sit on the market for 200 days, go off the market, and come back on later for a lower price. Sellers are offering major concessions. The condos that do sell are the best ones on the market, and there\u2019s competition for those, which may be one reason sale prices are resilient even though the market is slow.\u201d<\/span><\/p>\n<h3><strong>Metro-Level Summary: Florida Metros Where Condos Make Up At Least 5% of Housing Stock<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><i><span style=\"font-weight: 400;\">All figures below represent January 2025, with the exception of HOA data, which covers the three months ending Jan. 31, 2025.<\/span><\/i><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Region<\/b><\/td>\n<td><b>Metro area<\/b><\/td>\n<td><b>Median monthly HOA fee<\/b><\/td>\n<td><b>YoY change in median monthly HOA fee<\/b><\/td>\n<td><b>Share of condo listings with high flood risk<\/b><\/td>\n<td><b>Share of condo inventory that&#8217;s over 30 years old<\/b><\/td>\n<td><b>Median condo sale price<\/b><\/td>\n<td><b>YoY change in median condo sale price<\/b><\/td>\n<td><b>YoY change in condos sold<\/b><\/td>\n<td><b>YoY change in active condo listings<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Inland Florida<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Gainesville, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$346<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">49.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$220,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-19.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">41.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Inland Florida<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Lakeland, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$522<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">53.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$175,750<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-31.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Inland Florida<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Ocala, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$300<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">85.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$128,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-14.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-40.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Inland Florida<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Orlando, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$490<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">46.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$208,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-13.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">39.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Inland Florida<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tallahassee, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$250<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$169,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cape Coral, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$804<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">69.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">46.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$326,250<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-16.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Crestview, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,011<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">45.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$585,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Homosassa Springs, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$384<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-14.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">49.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">82.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$160,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">266.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-7.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Naples, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">67.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">51.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$522,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">43.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">North Port-Sarasota, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$745<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">47.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">60.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$325,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-13.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-3.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Panama City, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$831<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">57.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$360,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-10.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-22.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Pensacola, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$889<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">73.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">53.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$595,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-12.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-11.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Punta Gorda, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$726<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">76.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">55.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$180,950<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-39.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Gulf Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tampa, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$655<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">51.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">78.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$220,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-14.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Deltona-Daytona Beach, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$751<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">54.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">69.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$305,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Fort Lauderdale, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$646<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">84.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$220,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-8.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-16.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">45.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$250,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-11.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">35.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Key West, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,063<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">81.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">85.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$722,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-13.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-44.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Miami, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$965<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">69.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">51.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$388,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-7.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Palm Bay, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$622<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">54.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">73.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$235,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Port St. Lucie, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$672<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">57.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">81.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$221,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-19.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Sebastian, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$700<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">80.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">80.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$219,950<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-6.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlantic Coast<\/span><\/td>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$719<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">84.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$280,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.5%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h3><strong>Methodology<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This report includes Florida metros where condos make up at least 5% of housing stock, and that had at least nine condo sales in January 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Climate risk data for flood comes from First Street, which assigns six different climate-risk categories to properties across the U.S.\u2014minimal, minor, moderate, major, severe and extreme. For this report, a \u201chigh-risk\u201d property is one that falls into the major, severe or extreme category for a climate risk. The climate risk scores are based on a property\u2019s current risk as well as how that risk is expected to grow over the next 30 years.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Condo prices are up 5% year over year in inland Florida, but down a respective 5% and 3% on Florida\u2019s Gulf Coast and Atlantic Coast. Inland Florida tends to have newer condos, which haven&#8217;t yet had to comply with new rules that have driven up HOA fees elsewhere in the state. It also has less [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":72699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[52,43,8,45],"tags":[565,630,687,40,665],"dashboard":[],"coauthors":[125,115],"class_list":["post-79343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-change","category-housing-equality-policy","category-housing-market-news","category-regional-trends","tag-climate","tag-climate-change","tag-condos","tag-environmental","tag-florida"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Florida Condo Prices Are Holding Up Best Away From the Coast<\/title>\n<meta name=\"description\" content=\"Condo prices are up 5% year over year in inland Florida, but down a respective 5% and 3% on 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