SARASOTA, FL, October 15, 2009
/24-7PressRelease/ -- Sarasota, Florida is the reining hotspot for real estate bargain hunters. Real estate sales in September soared 35% in September 2009 over the same period in 2008 as savvy buyers took advantage of dramatically lower prices. Sales totaled 554 units versus 409 sales in September 2008. Pending sales have exceeded 800 units for 7 out of 9 months in 2009 after lingering at the 400 to 500 level for most of the previous two years. Inventory levels have continued to decline and are at the lowest levels since the boom ended in August 2005.
This sophisticated city on the Gulf coast of Florida recently ranked Number 5 in the "2009 Top 10 Undervalued Home Markets," by US News and World Report, as well as the Number 1 spot in the "10 Biggest Housing Markets on Sale," according to Barbara Corcoran, Real Estate Expert for the Today Show.
"We certainly agree with Barbara Corcoran, and her conclusions are what we've been saying for many months," said Bill Geller, President of the Sarasota Association of Realtors. "This is an amazing time to buy Sarasota properties at prices not seen since the early 2000s, or even earlier. But the public needs to understand - these prices won't last. Once the market reaches equilibrium, and we've exhausted the distressed property pool, we will start to see more and more multiple offers on choice homes."
The current spotlight is again upon the
Sarasota real estate market. Sarasota is steadily emerging from the devastating housing downturn. Second home buyers from the northern region of the US, Canada, and Europe, along with retirees and first-time home buyers will not only have the perfect year-round weather, but the perfect "buyers" real estate climate as well.
Interested Sarasota home buyers, left-out of the home purchase possibility as home prices escalated, have re-emerged in 2009 to find that owning their personal piece of paradise is possible. "Incredible affordability and outstanding interest rates have created one of the best buyers markets we've seen in decades," stated John Allen, broker/owner of Allen Real Estate Services Inc. "Sarasota is on sale and many buyers are acting. As the inventory of bargain
Sarasota homes for sale continues to decline and the busy winter season approaches, sales are poised to increase further."
Sarasota has consistently been recognized as a magnificent place to live, work and play. Outstanding year-round weather, marvelous pristine beaches, abundant recreation and world-renowned cultural amenities attract visitors and residents from around the globe.
Sarasota offers the splendor of miles of amazing waterfronts, whether the Gulf, bay or quite backwater enclaves, along with exceptional shopping and dining, educational excellence and first-rate medical facilities. Siesta Key's beach was named the 2nd best beach in the "Best Beaches in America" by Stephen P. Leatherman, also known as Dr. Beach in May 2009. Whatever your interests, from a night at the ballet or opera, to hunting sharks teeth on Turtle Beach,
Sarasota Florida offers an unmatched quality of life and incredible natural beauty.
Allen Real Estate Services, Inc. is a 30 year boutique
Sarasota Florida real estate brokerage specializing in luxury homes, waterfront properties, condos and golf communities. For more information, please visit
http://www.buysarasota.com---
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