The Sarasota Association of Realtors released the following to the press today:
February property sales rebound by 28 percent in Sarasota
Pending sales also very high, a good indicator for stronger market ahead.
This certainly lines up with anecdotal evidence of busy real estate agents and contracts pending in my office.
As we move forward, legislators are being forced to deal with unfair taxes for second homes (much of our market) and the insurance companies, sitting on windfall profits after jacking up the fees after 2004-2005 hurricane seasons are likely going to be forced to reduce rates. All this will further bring the total cost of ownership down...
According to the Sarasota MLS records, 1098 properties sold in the first quarter of '08...1050 more are currently under contract. The phrase "no one is buying" is losing steam!
Looks like the sun is peeking out in the Sarasota real estate market!
Comments(0)