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Sarasota Real Estate: Home Sales Figures For January 2008
Sarasota is a city in Southwestern Florida that is famous for having a wonderful year-round vacation and leisure atmosphere. The mid-sized metropolis is known for having wonderful arts and culture facilities, shopping districts, and world-famous white sand beaches in its barrier islands, called Keys. The city also has a wonderful array of real estate options to choose from, ranging from townhomes, apartments, condo, single-family homes and waterfront estates. However, with the US housing crisis still hovering around, many buyers are exercising caution, and are waiting in the sidelines, and are hoping for the market indicators to return to normal levels January Saw A Drop In Overall Property Sales According to figures taken from the Sarasota MLS system, the month of January 2008 saw a drop in overall property sales in the local market. One of the major factors for the lull was pending state vote on a property tax reform amendment on Jan. 29, which may have contributed to the sentiment of buyers waiting in the sidelines and seeing what happens next. However, with the passage of the property tax reforms, most housing industry observers forecast a rebound in property sales in the city and across the state as well, in ... more
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