Sarasota Among Top 10 Cities Nationally in Home Buying Turnarounds
A recent National Association of Realtors (NAR) study pegs the Sarasota metro area at #6 in increased sales across the country. The report reflects a 17 percent increase in sales volume during the last quarter of 2011, with a median home price of $181,000.
Local Realtors® are cautiously optimistic about the report, which suggests that lower unemployment could be a contributing factor. “We have seen this shift in a more aggressive approach by buyers, and are closing approximately 97 percent of our negotiations, ” stated William True, Broker and Exclusive Buyer Agent at True Real Estate Sarasota.
“This is still very much a buyers’ market, ” he added, “and with all other indicators pointing toward the desirability of Sarasota real estate, buyers should not wait to take advantage of these low prices and interest rates. ” The other indicators True alluded to include health care, housing costs, climate, taxes, recreational opportunities, services for seniors, arts and cultural activities, and proximity to places for worship. A study by Consumer Federation of the Southeast shows Sarasota with seven out of 10 of these amenities.
Sarasota has also made the Top 10 List of desirable relocation cities. Coming in at #9 of Penske Truck Rental’s list of destinations, Sarasota joins Atlanta, Orlando, Phoenix, Dallas/Fort Worth, Chicago, Houston, Denver, Seattle and Charlotte, NC as a real go-to city.
An eco-friendly community is highly prized in a destination community, and Sarasota is certainly big on that point. Homes in the city, whether new construction or remodels, are turning to “green” features to protect the environment. Hotels, housing, businesses, churches and markets are stressing green as the wave of the future.
With mortgage rates low and incredible bargains in home prices, the market is beginning to shift. To get the best deal on the home you want in Sarasota, True Real Estate and others in the area are cautioning clients that 2012 could well be the year that prices start inching up.
For more information please contact William True, Broker, ABRM, CIPS, CRB, CRS, GRI and most recently, Certified Luxury Home Marketing Specialist, at 941-918-1956 . Visit www.TrueSarasota.com for additional information about the benefits of working with an exclusive accredited buyer agent and to read about current real estate trends and transactions.