There’s a surge in Southwest Florida premier home sales that experts expect to remain stable and Sarasota real estate, in particular, is booming. This is good news for homebuyers ready to price the market and explore their options for vacation, retirement and full time high-end, affluent living in luxury homes.
Cash Sales Amping Up Sarasota Real Estate Deals
The Herald Tribune reports: prominent Chicago banker, Jack Ablin, has stated that Southwest Florida is taking the lead in the housing recovery, pulling in all-cash sales from investors eager to experience the resort lifestyle. Finding an ideal home away from home remains a strong incentive that helps Sarasota's home sales market stay ahead of the pack in an economy that finds overall countrywide residential sales lacking due to low employment rates for 25 – 34 year olds.
Sarasota Single-Family Homes in 10-Year Historical Lead
This April marked the second-best total closed (home sales) transactions in the history of Sarasota County. Florida Business Observer quotes the Sarasota Association of Realtors, reporting almost 1,200 total sales. Single-family houses lead condo sales almost 2:1 with 759 compared to 436.
Median Prices Show Relatively Low Increases
Home prices for Sarasota County increased almost 14% this June compared to June prices of last year. These numbers show slower pricing growth than other areas of Florida such as Flagler County and the Miami-Ft. Lauderdale area, according to the Bradenton Herald. With low, yet rising, home price increases now could be the time to purchase a dream home in a dream location.
But where do homebuyers and real estate investors with consummate taste turn? The Founder's Club located in Sarasota offers acclaimed amenities and service at its finest. From stunning architectural design to gorgeous landscaping and an 18-hole course designed by Robert Trent Jones, Jr. there's little more a discerning buyer could ask for.
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