I took this picture of Lido Beach sunset on Wednesday, June 7...plenty of people out...and nice clean water and sand!!!
Sarasota's, and all of Southwest Florida's, beaches continue to remain clear of oil and tar balls. As we watch the Deepwater Horizon well spew its disastrous mess across the Gulf of Mexico; our pristine sands, estuaries, sounds, and wildlife go unaffected. Our luck is bittersweet, as we know the unprecedented damage that is being done to the fragile ecosystems in Louisiana, Mississippi, and Texas.
Sarasota Real Estate continues with a steady rate of sales, as our inventory drops. This is particularly true in the case of new construction. As such, we are seeing an increase in investor, developer, and builder purchases of vacant land and discounted homes in areas such as: "West of the Trail", Siesta Key, Lido Key, Longboat Key, Casey Key and other waterfront opportunities.
Sarasota, Florida remains a viable real estate investment with a solid long-term growth forecast. Just this year, Sarasota has been named a Top Place to Retire (CNBC), the #1 Best Buy in Real Estate (Today Show) for the U.S., and most recently, the #1 Best Buy for Real Estate in the entire Western Hemisphere of the World (International Property Journal). Sarasota has an exceptionally low probability of an oil impact in our region and this will likely have the affect of area home values increasing. This is due to the fact that several other Gulf states, and cities in North Florida and the East Coast will see a decline in sales as home buyers and investors seek areas that are unaffected by the oil spill. These combined factors will continue to drive sales in Sarasota, decrease inventory, and push our market back into a seller's marketplace.