Downtown Sarasota Real Estate Market Report

Downtown Sarasota is also a market that continues to improve. New residential highrises are going up everywhere and several more are in the works. There's an impressive shift in the design of the highrises. They're going more modern looking! That's right! The downtown area is starting to have more of a Miami type influence. This also means that Sarasota is becoming more appealing to younger people. Recently Sarasota was voted a top place for a new business start up. Here are the following market numbers for Downtown Sarasota... in the 50k-500,000 range there are 151 active listings, 31 contacts written giving an absortion rate of 5 months. The 500k-1,000,000 range there are 110 active listings, 15 under contract giving an absorption rate of 7 months. Finally in the 1,000,000 and above range there are 151 active listings, 4 written contracts, and an absorption rate of 38 months.