Sarasota Average Housing List Prices Rise
In Florida, we have seen some of the most significant increases to median list prices over the last year. The Sarasota real estate market currently ranks number ten on Realtor.com's national list of 146 markets, with a median list price of $246,000, and a year-over-year increase of 14.47%.
This Realtor.com report follows and reinforces other good news for Sarasota's real estate market. In January, Sarasota's pending home sales rose 38%, according to the Sarasota Association of Realtors. Pending home sales usually indicate what direction the real estate market is moving, since there's typically a one- to three-month lag between a signed contract and a completed real estate deal. With generally affordable current prices and all-time low mortgage rates, 2012 looks like the year when the real estate market will see a steady recovery in the Sarasota area.
Sarasota real estate is even more attractive with a Homestead Exemption provision that ensures that residents pay no taxes on the first $25,000 of their home's appraised value.
So if you're relocating, retiring, or simply looking to make a savvy real estate investment in Sarasota, Florida, call us at True Sarasota Real Estate (941) 918-1956. We're Exclusive Buyer Agents who have helped home buyers and real estate investors discover, negotiate and purchase the best Sarasota real estate at the best price.
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