More Proof Florida Real Estate Sales Are Rising
Posted by Benjamin Dona on Friday, October 7th, 2011 at 12:03pm.
Here is more proof that Florida real estate sales are continuing to rise again this year. According to U.S. Census Bureau reports, doc stamp tax revenue (which is paid on all home sales) rose 9.8% in the second quarter of 2011 versus the same quarter last year. And, we think it's safe to assume that part of the increase can also be equated to a rise in the value of the property's being sold here in Florida. Here's an example of why - Bonita Springs and Naples Real Estate - 3rd Quarter 2011 Sales.
Other state taxes also rose in Florida. Sales tax collections climbed 5.4% and Florida corporate income tax collections also rose 5.4% year over year for the quarter ending June 30. The report also showed continued revenue gains are going on nationwide. Corporate income tax collections shot up 20.4% while sales taxes increased by 4.7%. Income tax collections were also up 16.3% in the 2nd quarter compared to 2010.
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About the Author
Benjamin Dona is the Broker and Owner of Gulf Coast Associates, Realtors in Bonita Springs, Florida. He holds two advanced degrees, an MBA and an MA, and has an extensive background in both business and marketing. In 1998, he founded Gulf Coast Associates, and formed a group of like-minded Realtor® associates dedicated to offering professional Southwest Florida real estate services by concentrating on information, education and the use of leading edge technologies. He also is a recognized expert on the "Net," a much-quoted and read blog author, and a contributor to both national and international news outlets. Benjamin is a member of the National Association of Realtors, the Florida Association of Realtors, and numerous local real estate boards throughout Southwest Florida.
Contact Benjamin Dona at 239-948-3955
Southwest Florida Real Estate Blog