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Miles of white sugary sand beaches. An average annual temperature that hovers around 70 degrees. Fantastic arts and recreation options from Longboat Key to Venice. It’s not hard to come up with reasons why Sarasota is such a popular place to live and why Sarasota real estate is leading the recovery in Florida. Rolling white-sand beaches and sparkling azure waters combine with a sophistication and charm to make Sarasota the gem of Florida’s Gulf Coast. The endless array of activities and the exhilarating mixture of attractions, restaurants, shopping, and accommodations are a sure fit for any traveler. Relax at a four-star resort or a quaint sea-side inn, explore master works of art, catch a round of golf, stroll through world-class shopping, kayak through unspoiled mangrove-lined waterways, charter an offshore fishing trip, dine on a bay front cruise, or just dig your feet in the sand and bask in the glow of an evening Gulf sunset, whatever your pleasure.
Florida
One of the fastest growing states in the nation over the past 50 years, the Sunshine State is a diverse mix of popular resort destinations, cities with strong international ties and intriguing stretches of untouched wetlands.
Geography
The majority of Florida’s land is a peninsula that separates the Atlantic from the Gulf of Mexico. The peninsula has an average width of around 125 miles and ends at the Florida Keys, a curving chain of small islands terminating in Key West. The Atlantic coast of the peninsula features some of the most picturesque beaches in the nation, while much of the coastline along the Gulf of Mexico is made up of mangrove swamps and saltwater marshes. Most of the peninsula’s largest cities can be found along the coastline.
The northern section of the state is known as the panhandle, an east-west strip of land running for some 200 miles alongside the Gulf of Mexico. The interior of the panhandle is characterized by long stretches of salt marshes and pine forests. As the panhandle blends into the northeastern section of the peninsula, the land begins to feature low hills and numerous lakes. 12 international airports, 14 deepwater ports and over 120,000 miles of highway make Florida easily accessible.
TIME 2 BUY - Spring 2009 Update
Sarasota Real Estate appears to be near a bottom and prices are stabilizing. February marked the fourteenth consecutive month of lower inventory and higher pending sales. Median home prices have reduced to 143k, the lowest in nearly 10 years. This low median price is a result of the large number of short sale and bank owned homes being sold at a rapid pace. With interest rates at historic lows, now is the best time to be making an offer on a home. As inventory levels continue to drop, there will be fewer homes to choose from. This should keep prices from dropping much further. Our opinion is that home prices could see another 5 to 15% decline with a bottom reached in mid 2010.
There are certain neighborhoods where the bottom has already been reached and others which will continue their downward trend. We are happy to discuss your Sarasota real estate needs in detail so you can be informed on whether now is the right time to buy.
We realize that each individuals situation and timing is unique. Please call or email us to discuss whether now is the right time for you to consider purchasing a slice of paradise in Sarasota Florida!
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