Sarasota Real Estate Prices Swell
There is no shortage of news of the continuing real estate market recovery around the country. In Florida, one of the most talked about trends is the rising prices of properties. Recent record breaking listings offer some excitement but, most important is the sustained month-over-month and year-over-year increases in nearly every price category.
The attached article in the Sarasota Herald Tribune quotes the largest broker in the Sarasota region, Michael Saunders, as saying “I call it the ‘big thaw,’ and it’s resulting in more activity than we’ve seen since 2005.” With annual numbers of closings and total closed dollars reaching volumes not seen in many years, it is difficult not to feel confident that the recovery is underway, and appears to be sustainable based on expert data and analysis of relevant statistics and historical evidence.