Barbara Corcoran recently revealed a Top Ten List of the Best Real Estate Markets in the country on NBC’s Today Show. Topping the list at #1 was Sarasota—one of two Florida cities to earn a mention; the other was St. Petersburg.
Criteria for the list included cites whose home prices dropped the most since last year and are trending upward. Corcoran explained that prices are expected to continue to rise due, in part, to smart city planning. “This is the time to buy in these particular places,” she says.
A sophisticated urban city with all the amenities that one would expect plus beautiful beaches helped place Sarasota at the top of the list. Citing statistics from the National Association of Realtors, Corcoran noted that with a current median home price of $175,800, Sarasota prices have dropped by a full one-third since last year. On the recovery, home prices are up 13% in just the past quarter and the timing is s right for buyers and investors.
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