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Sarasota Real Estate: Home Price Cuts Are Helping Revive A Sleepy Market
The numbers noted on January 2008 home sales figures for the whole of Southwest Florida, are giving more credence to real estate observers and agents who are contending that the housing market is ahead of the rest of the state, or ahead of the nation as a whole, in recovering from the doldrums created by the US housing crisis. According to January figures, the 4 percent increase in sales for the Sarasota-Bradenton region, and the 13 percent rise for the Charlotte County-North Port areas, has marked 2 of only 3 sales gains for the state’s 20 most lucrative and largest markets. However , the sales gains came at a huge cost, with median home sales prices dropping by 13 percent in the Sarasota-Bradenton region and 21 percent in the Charlotte County-North Port area, as home sellers continued to adjust to the realities of the present housing market. Comparing Markets In The Southwest Fla. Region In a comparison of sales in the Southwest Florida region for January, Sarasota-Bradenton real estate agents sold 490 homes in January, as compared to 472 in the same period last year. In Charlotte County-North, brokers were reported to have sold 175 homes last month, as compared with ... more
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