Market Statistics and Trends
Home prices fell slightly by 2.6 percent, which comes to $5,700, when compared with the previous quarter. However, if you compare the market to last year’s numbers, overall prices increased by 12.5 percent. During the last five years, Sarasota’s real estate sales prices grew by 35.3 percent. Home inventory is solid as there are approximately 500 homes for sale. If you’re looking to buy a condo or townhome, then you can choose from around 300 different units in the area.
Best Places to Buy Real Estate in Sarasota
The best places to live in Sarasota include:
To live in a peaceful and secluded area, buy a Longboat Key home. While living on the island, you’ll be close to golf courses, tennis facilities and shopping districts.
If you prefer to reside in or among historic structures, then be sure to consider homes in the West of the Trail area. It is a walkable neighborhood that also has a convenient bus system.
Palmer Ranch & Lakewood Ranch are best for families. The community’s amenities include lush terrain, bike paths and hiking trails. Palmer Ranch is just 10 minutes from the beach.
Waterfront property is available on Bird Key. If you decide to live on the island, then you can join the Bird Key Yacht Club, which has a 42-slip marina. The club also hosts numerous boating events and races.
The Siesta Key island will give you a boating and beach lifestyle. Amenities include local marina, boat ramp and beaches.
A Few Last Thoughts
Sarasota is a place where you can have a sought after lifestyle. The community features the culture and amenities of big city life in a quaint town environment.
At BuyFloridaRealty.com we take great pride in offering all access to local MLS listings and market expertise. If you have any questions about the current real estate market, or are interested in viewing homes for sale, please contact us to speak with one of our agents.