Sarasota Real Estate Market Heats Up

Sunset

Savor the Sunset in Sarasota

Sarasota Florida is an exciting area in the summer.  Our beaches draw people from everywhere.  Tourists, vacationers and locals enjoy the relaxing and beautiful environment.  The Gulf waters tend to be a little warm this time of year – for the locals that is. 

Our local real estate market continues to heat up.  Home buyers are purchasing properties in Sarasota and Manatee counties at a pace not seen since 2005 which was the peak of our market. Our inventories are at the lowest level they have been for 6 years. We are close to reaching the level that is considered a healthy, balanced market. The best priced properties are scooped up as soon as they hit the market. Many of the fastest selling properties are foreclosures.  This is a great time to invest here since prices have not yet reflected a significant increase. Another one of the buying ‘surges’ has been on waterfront properties.  Buyers in this ‘high end’ market love the bargains currently available. We seem to be very close to recovery with some of the best prices in a decade, excellent interest rates (4.75% for a 30 year mortgage while a 15 year is under 4%)  and a fabulous place to live.

Let us know how we can help with any of your real estate needs in this area. The Sarasota area market currently offers some fabulous opportunities for buyers. We have many bargains in the form of Foreclosures and Short Sales plus many Sellers who are pricing to compete. We are certified Short Sales and Foreclosure Resource (SFR) specialists. We can help you navigate these tricky waters. If you are Selling, we will be pleased to assist you. We will listen carefully to understand your goals and guide you through the entire process of selling your property from listing to sale.

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