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A Closer Look At The Condominium Market In Downtown Sarasota
Today, when you look at downtown Sarasota, you'll see a sprinkling of new, upscale and fancy condominium developments, and you wouldn't probably remember how the area looked just 5 or 6 years ago, because a lot has already changed since then. It's hard to look at the new condominium towers that are dominating the city's downtown landscape without ever wondering. Even during the heyday of the city's real estate frenzy, when people were doubling their money and these high-rise units were being sold in as fast as 90 minutes, many people are continuing to ask, "Who is going to live there?" Are The New developments Revitalizing The Downtown Area? According to housing analysts, there seems to be a slight downturn in the Sarasota property market, albeit only a temporary one. However, it's one that will be sure to bring real challenges. Housing and property market observers note that revitalizing a downtown is very difficult,and they note that many cities, like St. Louis, Missouri, have even struggled to get people to come to the downtown area. However for Sarasota, the long-term outlook is pretty positive,as foreign buyers are seeing the city, and the state of Florida as a whole, as having a ... more
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