whats new in sarasota real estate
Sarasota continues to be among the most in-demand cities for real estate in Florida because of its unique combination of affordability and sophistication. The city embodies the ultimate Florida living experience. From the inland neighborhoods of Arlington Park to the luxury properties of Bay Point Drive, Sarasota real estate is positioned to exceed the expectations of every home buyer.
Sarasota is well known for its spacious properties; the average size of homes on the market are 2,400 square feet. With an average list price of $350,000, this makes buying a decent sized home in Sarasota a viable option, especially compared to other parts of Florida.
Neighborhoods like Lakewood and West of the Trail feature properties where the size of the homes and the outdoor space are very large, adding value to the home. Also in abundance are the different style of homes. Buyers can find craftsman homes, ranch style homes, and modern designed homes, among others. Single and split level homes are plentiful. Sarasota is known for its abundant greenspace as well.
Inventory of Sarasota homes for sale average around 2,000 units (including condos and townhomes), with a median list price around $225,000. Listings are active in the market for an average of 60 days before being sold. Only about four to five percent of listings are distressed home, which demonstrates a decline in these types of properties in the market.
The neighborhoods of Lakewood, Arlington Park, and Bellevue Terrace are hot on the market right now. Several properties in these areas feature houses that exceed 3,000 square feet and sit on ½ to a full acre of land. Those with an interest in waterfront living will find Siesta Key, Longboat Key, Lido Key and Bird Key exceptional choices. These popular locales offer excellent water views and spacious properties. Condominiums are plentiful in these areas as well.
Golf course living continues to be popular in the state. Bobby Jones Golf Club is one of Sarasota’s premiere golf clubs. Properties in this area provide world-class golfing and homes with upgraded amenities like gourmet kitchens and excellent views. Other favorite golf communities are Founders Club and Concessions.
Sarasota’s master planned communities, Lakewood Ranch and Palmer Ranch offer superior homes for interested homebuyers. As two of the most sought-after parts of Sarasota for homebuyers, inventory is limited. Properties range from modest one or two bedroom units under $200,000 to expansive multi-million dollar mansions.
Are you looking to buy real estate in Sarasota Florida? Contact us today to gain access to all the newest listings.