The magazine's article stated:
“Sarasota, Fla.: Although exotic mortgage products and investor excitement sent home prices in Sarasota soaring during the housing boom, the subsequent crash hit the market as hard as anywhere in the state. Median home prices in the Sarasota area plummeted from $311,000 in 2007 to $185,000 in the second quarter of this year. But this steep drop only makes this sun-drenched community on Florida’s west coast more attractive for home buyers, says Jack McCabe of McCabe Research & Consulting.
McCabe says Sarasota’s smaller size provides its residents with a more manageable lifestyle – with less traffic, for example – than big cities like Tampa Bay or Orlando. At the same time, the area has a beautiful waterfront and plenty of art museums and theater productions. Anyone considering buying property in Florida should have Sarasota at the top of their list, according to McCabe: “It’s a great market,” he says. “I really expect in the next 20 years it is going to be one of the most desirable markets in Florida for baby boomers to retire.”
Our Sarasota real estate market is in recovery, and there certainly are deals where sellers are realistic and willing to negotiate a reasonable offer. If you would like some help purchasing a Sarasota FL home for sale, contact the John Allen Team at 941-544-6467. We'll assist you with a smooth transaction. Our real estate agents specialize in luxury waterfront homes on Sarasota's barrier islands of Siesta Key, Casey Key, Bird Key, Lido Key and Longboat Key as well as mainland Sarasota.
Barrier Islands of Sarasota, FL
- Casey Key
- Siesta Key
- Bird Key
- Lido Key
- Longboat Key
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