In Florida, statewide home sales jumped by 30 % in March, over year-earlier levels, and were up 33 % over the previous month. Even condo sales were up by 25%.
March sales in Sarasota County were up 25.1% over March of 2008; and up 26.2% from February of 09 to March of 09. Pending sales really tell the story. March pending home sales rose dramatically, with a slight reveal of a median price increase.
The Official Sarasota Season has ended, though the flurry of real estate interest has not. Historic low interest rates, favorable pricing and first-time buyer credits, along with the easing of the credit markets are working together. Housing inventories have diminished greatly, and nearing a healthy normal.
The infamous “bottom” we’ve all been anxiously awaiting may be forming on the horizon.
Don't Delay - Find Your Perfect Home in Paradise!!
The Sarasota real estate market includes: Sarasota, Siesta Key, Longboat Key, Palmer Ranch, Lakewood Ranch, Bradenton, University Park, Nokomis, Osprey and Venice. Located 1 hour south of Tampa and 2 hours north of Naples. Proud to be known not only for the #1 beach in the nation, Siesta Key Beach, but also as the cultural coast of Florida. The arts, museums, orchestra, ballet, theatre, fine dining and upscale shopping venues make Sarasota a special place.
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