The results are in for the 2nd quarter of 2017. The net of it? Our numbers highlight steady interest and price appreciation for the Sarasota community. More people continue to make Sarasota their home and create the lifestyle of their choosing.
- Less than 4% of all sales are distressed. With increasing values, the number of properties under water continues to decrease.
- Prices are increasing. The number of sales for properties under $200k decreased by 11.5% from the 2nd quarter of 2016 to the 2nd quarter of 2017.
- Sales of property priced below $500k is close to 87% of our market- though there are fewer quality options in the most popular locations.
- The luxury market (those properties listed for $1M or more) stayed almost even from the 2nd quarter of last year to now.
- The opening of the Westin Sarasota, one of three luxury hotels opening in downtown Sarasota this year, is days away. More new faces should bring more new Buyers. Soon the summer heat will begin to fade and people will begin to take refuge under the clear blue skies of Sarasota for the fall and winter.
Living in Sarasota: The Secret Key to Happiness and Longevity
This week I heard a story about someone’s mom who lived here in Sarasota. She was significantly overweight and a lifelong smoker yet she lived to be 95. Her secret? She did not stress about her weight or anything else, enjoyed her life and was HAPPY! A local friend’s father at 96 still performs at piano bars almost nightly. My cousin’s 101 year old grandmother, who also plays piano, lives joyfully and is actively engaged with her great-grandchildren on Facebook.
It seems that one of the keys to a long life is happiness. Each day at Investments in Sarasota we help people move closer to HAPPY. There is strong evidence that the lifestyle in Sarasota can add years to your life.
If you are planning to change your current lifestyle, now is the time to contact us regarding listing your property. Let us create a custom marketing strategy for the sale of your property so that you too can be creating the lifestyle that you desire.