We had an interesting conversation with an experienced real estate appraiser this week, and he gave us some interesting statistics we felt you might find interesting!
In the 90 years that Sarasota tracked sales volume, 2013 was the 2nd best year, and 2012 was the 4th best year. Prices have been going up higher than the national average since 2011.
Does Purchasing a Sarasota Home Now Mean I am Overpaying
No, not at all. The Sarasota real estate market for Sarasota homes (single family detached homes) is still -38.5% off of the peak prices, and Sarasota condos are off -46.2% from the peak (peak = 2nd quarter of 2006). So, although buyers are not “large and in charge” at the moment, the prices are still considerably lower than peak prices, and there is a lot of room for appreciation moving forward. One of the most important topics we cover with our clients is pricing analysis and strategic planning when putting an offer together. Nice properties that are price right are highly in demand, and often have multiple offers. We help consult our clients in order to win the property.
Are you looking for your piece of Sarasota paradise? Contact us today and lets talk about your search!