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Sarasota is the #1 place in the country to buy a home! |
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According to the NBC’s TODAY show (out of New York), Sarasota tops the list
of places hard hit by the real estate downturn, but now showing distinct signs of recovery. Not surprisingly, their real estate expert touts not only our beautiful beaches, but the sophisticated nature of our small city. To view, click on the video to the right. As we look back over the last year, the news for today is good and the prognosis for the future is brighter. The inventory of single family homes on the market has dropped by about 40%, while the inventory of condos has remained virtually the same. Though it is likely that we will experience this low part of the market for a while, it is very encouraging to see properties at some price points selling at a brisker pace and not staying on the market for nearly as long. Sellers are already feeling a bit emboldened by the changes, so buyers can expect negotiations to be tighter. There is some excellent news on the currency exchange rate, for those who are looking to convert currency to make a home purchase here. The pound continues to rise in value against the dollar, with significant increases in the past week. For more information, visit our colleagues at Moneycorp.com. You can click on the link under Helpful Resources. |
